OeKB's USD Global Bond generated great interest by institutional investors.
The five-year bond was priced at a spread of only 12.65bp over US Treasuries.
With a total of USD 3 billion OeKB achieved its largest order book for a five-year bond.
Strong demand from Central Banks and Official Institutions
On February 5, 2020 OeKB successfully issued a USD Global Bond with a volume of USD 1.5bn.
The strong global participation from institutional investors allowed the order book to grow above USD 3bn, OeKB´s largest order book ever in this maturity. The coupon was set at 1,5% and the re-offer price at 99,655%. The bond was placed with Central Banks from 13 countries, Official Institutions, Bank Treasuries and Asset Managers.
The issue carries an unconditional and explicit guarantee of the Republic of Austria and is rated Aa1/AA+ by Moody’s and Standard Poor’s respectively. Lead Managers were Barclays, Goldman Sachs, J.P. Morgan and Royal Bank of Canada.