• 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  

Strong investor demand for OeKB´s 2nd GBP outing of the year

On April 8, 2024, OeKB successfully issued its 2nd GBP benchmark deal of the year with a volume of GBP 400 million and an October 2028 maturity. The deal was announced as a GBP 300 million benchmark transaction. With strong demand of over GBP 460 million from around 20 investors, OeKB was able to increase the amount by GBP 100 million to GBP 400 million. This deal was marketed and priced with a spread versus the Mid Swap level, which has been the norm in other markets for a long time already and is being used by many issuers in the GBP market now as well. The transaction was priced at Sonia Mid Swaps +28 basis points which is equivalent to a Gilt spread of +29.7 basis points.

The bulk of the transaction with 63% was placed with institutional investors in the UK, a further portion of 25% went to accounts in Asia, 10% to the Middle East/Africa and 2% to Europe ex UK. 

43% of the bonds were allocated to bank treasuries while central banks/official institutions took up 35% and fund managers/insurance/other 23% of the transaction.

The coupon was set at 4.125% and the re-offer price at 99.519%. 

Lead Managers were Barclays Bank Ireland PLC, RBC Europe Limited and TD Securities.

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. 


Attractive conditions for Austria's exporters

One of OeKB’s main tasks is to support exporters with loans at attractive financing conditions in cooperation with their banks. OeKB finances these loans by placing bonds with international investors on the capital market. 

All OeKB bonds are guaranteed by the Republic of Austria. This enables OeKB to obtain favourable conditions on the capital market and to pass these on to the exporters. OeKB's long-term financing needs amount to 5 to 6 billion euros annually.

All OeKB bonds at a glace

Please find a comprehensive overview of all OeKB bonds here
OeKB Bonds Overview