Commentary & Deal Flow

Reoffer: 5yr: MS+11bp / 99.894 / 2.898%
Benchmark: OBL 2.5% 15-Apr-31 @ 99.195 / B+22.7bp / HR 100%

Final orderbook above €4.8bn (incl. €275m JLM)

Launched: 5yr: €1bn @ MS+11bp - Books above €3.6bn (incl. €200m JLM)
Guidance: 5yr: MS+13a

• Issuer: Oesterreichische Kontrollbank AG (ticker: OKB)
• Guarantor: Republic of Austria
• Ratings: Aa1 neg. / AA+ stable (Moody's / S&P)
• Format: Sustainability bond Senior, Unsecured, Reg S, Bearer
• Settle Date: 29-Apr-26 (T+5)
• Maturity Date: 29-Apr-31
• Deal Size: €1bn
• Reoffer: MS+11bp, 99.894% / yield 2.898%
• Ref. Bmk: OBL 2.5% 15-Apr-31, +22.70 bps @99.195%, HR 100%
• Coupon: 2.875%, Fixed, Annual, act/act (ICMA)
• Denoms: €100k + 1k
• Listing / Law: London & Vienna / English law
• Docs: OKB's Euroshelf Debt Issuance Programme
• Settlement: Euroclear/Clearstream
• Target Market: Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels)
• Lead Managers: Deutsche Bank (B&D), Erste Group, HSBC, Raiffeisen Bank International, UniCredit
• Use of Proceeds: An amount equivalent to net proceeds of the Sustainability Bond will be allocated towards Green and Social eligible projects as defined in OKB's Sustainable Financing Framework (https://www.oekb.at/dam/jcr:87083e52-7808-412e-becc-0be76af66369/OeKB-Sustainable-Financing-Framework-March-2022.pdf)
• ISIN / Common Code: XS3358410697 / 335841069
• Timing: TOE 14:03 CET / FFT 14:20 CET
• Advertisement: Information Memorandum of the Euroshelf Debt Issuance Programme is available at: https://www.oekb.at/en/dam/jcr:54977999-ca97-409e-979f-ef91402fbdc9/OeKB-Information-Memorandum-2007.pdf