Allen & Overy advised Oesterreichische Kontrollbank on legal aspects of its public offering of USD 1.5 billion of 1.750% Guaranteed Global Notes due 2020.
The bonds are guaranteed by the Republic of Austria and will be listed on the regulated market of the Luxembourg Stock Exchange.
As reported by CEE Legal Matters last fall, in November 2016 Allen & Overy advised Oesterreichische Kontrollbank on its public offering of USD 600 million of Floating Rate Guaranteed Global Notes due 2019, also guaranteed by the Republic of Austria and listed on the regulated market of the Luxembourg Stock Exchange.
Oesterreichische Kontrollbank is Austria’s main provider of financial and information services to the export industry and the capital market. Its main functions include the administration of export guarantees as agent of the Republic of Austria and the financing of Austrian exports.
The Frankfurt-based Allen & Overy team advising Oesterreichische Kontrollbank in this transaction, as in the November 2016 issuance, consisted of Partner Marc Plepelits, Senior Associate Martin Schmidt, and Associate Rita Nicole Thomas.