OeKB issues first EUR-Benchmark Bond since 2009: EUR 1.5bn in 7 Years
On 19th September 2017 OeKB successfully returned to the Euro market with a EUR 1.5bn 7-year benchmark bond. The re-offer spread of Mid Swap -15bp equates to a pick-up over the Austrian government bond of +16.8bp. The coupon was set at 0.25% and the re-offer price at 99.317%.
The strong global participation of institutional investors (Central Banks/Official Institutions, Bank Treasuries and Asset Managers) allowed the book to grow to almost EUR 3.5bn. The issue carries an explicit guarantee of the Republic of Austria und is rated Aa1/AA+ by Moody’s and Standard Poor’s respectively. Lead Managers are Deutsche Bank AG, Erste Group Bank AG, J.P. Morgan Securities PLC, Raiffeisen Bank International AG and UniCredit Bank AG. This is OeKB’s first EUR-benchmark bond since 2009.