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29.08.2018

OKB tapped its GBP 250 mn bond issue with a further volume of GBP 100 mn on August 22, 2018, bringing the total size to GBP 350 mn. The coupon is 1.125% p.a. with a spread over Gilt of +38bp.

Bond well received by institutional investors

Strong demand was seen from institutional investors, mainly asset managers and bank treasuries. The orderbook was fully subscribed. Listing will take place on the London Stock Exchange. The bond has an explicit, unconditional and irrevocable guarantee of the Republic of Austria and is rated Aa1/AA+ by Moody’s and Standard & Poor’s respectively. HSBC and RBC acted as lead managers.

A comprehensive overview over all OeKB bonds can be found here: