- On 6th March 2018 OKB successfully issued a USD Global Bond with a volume of USD 1.5 Bn.
- The 5 year bond was priced at mid-swaps +15bp.
- The coupon was set at 2,875% and the re-offer price at 99,912%.
High international demand
The strong global participation of institutional investors (Central Banks/Official Institutions, Bank Treasuries and Asset Managers) allowed the book to grow above USD 2.2 Bn.
The issue carries an explicit guarantee of the Republic of Austria and is rated Aa1/AA+ by Moody’s and Standard Poor’s respectively. Lead Managers are Bank of America Merrill Lynch, Barclays Bank PLC, Citigroup Global Markets Limited and Goldman Sachs International.