Allen & Overy has advised Oesterreichische Kontrollbank on legal aspects of its public offering of USD 1.5 billion of 1.500% Guaranteed Global Notes due 2025. The bonds are guaranteed by the Republic of Austria and will be listed on the regulated market of the Luxembourg Stock Exchange.
According to Allen & Overy, "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."
Allen & Overy's German team advising OeKB on the transaction consisted of Partner Marc Plepelits and Senior Associates Martin Schmidt and Rita Nicole Thomas.