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VIENNA - Oesterreichische Kontrollbank AG (OKB) has completed its $1.5 billion bond offering without requiring market stabilization measures, according to a statement released Friday by Deutsche Bank AG (ETR:DBKGn), which served as one of the deal’s managers.
The 4% notes, due May 28, 2028, were priced at 99.824% with a spread of 7.45 basis points over the benchmark U.S. Treasury 3.75% May 2028 bond. The securities are guaranteed by the Republic of Austria.
Deutsche Bank confirmed that no stabilization activities were undertaken for the bond issue, which was initially announced on May 21. Stabilization measures are sometimes employed to support the price of newly issued securities.
The bond offering was managed by a consortium including BofA Securities Europe SA, Deutsche Bank AG, Goldman Sachs Bank Europe SE, and HSBC Bank plc.
The securities have been assigned the international securities identification number (ISIN) US676167CQ04.
According to the press release statement, the notes have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the United States without registration or an exemption.
OKB serves as Austria’s export credit agency and provides financing services to support Austrian companies in international markets.
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