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.

Order book oversubscribed

The bond was placed with institutional investors (Central Banks/Official Institutions, Bank Treasuries and Asset Managers). The order book was oversubscribed with a volume of USD 3.5 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. Deutsche Bank AG, London Branch, J.P. Morgan Securities plc und RBC Capital Markets acted as lead managers.

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