Oesterreichische Kontrollbank $600 million floating rate bond issue

4/11/2016

Investment grade bond/note issue

Value:

$ 600 million

Status:

Completed

Date:

4/11/2016

Overview:

Austrian export credit agency, Oesterreichische Kontrollbank (OeKB), issued a $600 million floating rate bond.
The notes are listed on the regulated market of Luxembourg Stock Exchange, and mature in November 2019.
The rate is three month US dollar Libor plus a margin of 0.16% a year.
Goldman Sachs International and HSBC were underwriters on the transaction.

Ben Naylor - Regional Editor

Jurisdictions:

Germany
Luxembourg
United Kingdom
Austria

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sectors:

Banking
Government and public policy

Firms:

Allen & Overy

Party: Oesterreichische Kontrollbank (OeKB) (Issuer)

Lawyers: Marc Plepelits, Martin Schmidt

Davis Polk & Wardwell

Party: Goldman Sachs International (Underwriter)

Party: HSBC (Underwriter)

Lawyers: John Banes, John Banes

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