- On January 24, 2019 OKB successfully issued a USD Global Bond with a volume of USD 1.5bn.
- The three-year bond was priced at a spread of 5bp over MidSwaps.
- The coupon was set at 2.625% and the re-offer price at 99.771%.
Strong global participation of institutional investors
The strong global participation of institutional investors (Central Banks/Official Institutions, Bank Treasuries and Asset Managers) allowed the book to grow above USD 2.2bn.
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 were Barclays Bank PLC, Deutsche Bank AG London, JP Morgan Securities plc and RBC Capital Markets.