OKB prices largest Sterling tap

OKB’s largest Sterling tap

This is OKB’s largest Sterling tap and the 2nd tap of this bond and brings the total size to GBP 650 Mio. The tap was priced at Gilt +50bp, 1bp inside of guidance and was placed with Bank Treasuries, Central Banks and Fund Managers via Deutsche Bank AG und RBC Capital Markets. The bond has a coupon of 1,125%. The issue carries an explicit guarantee of the Republic of Austria and is rated Aa1/AA+ by Moody’s and Standard Poor’s respectively.

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

• OeKB bonds