News

The theme of this year's Annual General Meeting of the Berne Union (BU) was "cooperation". As usual, the business performance of the members and current challenges were also discussed.

OECD country categories for Aruba, Costa Rica, Jamaica, Paraguay and Cabo Verde have been changed.

The Business Confidence Index for the second quarter shows that the members of the Berne Union are cautiously optimistic about the second half of the year. Demand for export credit insurance is stable to slightly increasing. Members signal that opportunities for growth lie in supporting SMEs and investment in renewables and the green transition.

- Very large order book with a total volume of over USD 3.4 billion
- Price tightening by 2 basis points during book building process to price at SOFR Mid-Swaps +42 basis points
- Final orderbook included over 100 investors

- Orderbook of excellent quality in excess of GBP 320 million
- Strong placement of 93% with UK accounts
- With this GBP benchmark bond OeKB has in total raised GBP 1,2 bn year-to-date, its strongest yearly issuance in the Sterling Market ever.

• Very large order book with a total volume of over USD 4.6 billion
• Price tightening by 3 basis points during book building process to price at SOFR Mid-Swaps +25 basis points
• Final orderbook included over 93 investors

Export credit insurers feel well positioned to adapt and innovate as they enter a new era of risk in the wake of the pandemic and war in Ukraine.

- Orderbook of the highest quality in excess of GBP 460 million
- strong placement of 63% with UK accounts
- With this GBP benchmark bond OeKB has in total issued GBP 900 million year-to-date

Berne Union's Business Confidence Index shows that demand for export credit insurance is set to remain strong through the first quarter of 2024, but new risks give pause for thought.

- largest OeKB AUD Bond ever with a volume of AUD 400 million
- first AUD transaction in sustainability format
- fifth OeKB Sustainability Bond up to date

OECD country categories for Georgia, Qatar, Montenegro and Oman have been changed.

- Largest order book so far for an OeKB USD benchmark in 5 years
- Price tightening by 3 basis points during book building process to price at SOFR Mid-Swaps +45 basis points
- Final orderbook included over 107 investors

With strong demand of over GBP 840 million from 27 investors, OeKB achieved its largest GBP orderbook ever. Read more.