Oesterreichische Kontrollbank $700 million floating rate bond issue

10/2/2016

Investment grade bond/note issue

Value:

$ 700 million

Status:

Completed

Date:

10/2/2016

Overview:

Austrian export credit agency, Oesterreichische Kontrollbank (OeKB), issued a $700 million floating rate bond.
The notes are listed on the regulated market of Luxembourg Stock Exchange, and mature in August 2017.
The coupon is the three month US dollar Libor rate plus a margin of 0.18% 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:

Davis Polk & Wardwell

Party: Citigroup (Underwriter)

Party: JPMorgan Chase (Underwriter)

Lawyers: John Banes, John Banes

Pöch Krassnigg

Party: Oesterreichische Kontrollbank (OeKB) (Issuer)

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