Oesterreichische Kontrollbank $1 billion notes offering
The 3.75% notes are due 2029
Davis Polk advised the underwriters on an SEC-registered offering on Schedule B by Oesterreichische Kontrollbank Aktiengesellschaft of its $1 billion 3.750% guaranteed global notes due 2029. The notes are guaranteed by the Republic of Austria.
OeKB is primarily engaged in export financing. It administrates the Republic of Austria’s guarantees covering commercial, political and foreign exchange risks in connection with Austrian exports and also provides medium- and long-term financing to banks and foreign importers for Austrian export transactions.
The Davis Polk corporate team included partner Leo Borchardt, counsel Christopher Diel and associate Majd Atalla. All members of the Davis Polk team are based in the London office.