Allen & Overy has advised Oesterreichische Kontrollbank on its public offering of USD 600 million of Floating Rate Guaranteed Global Notes due 2019. The bonds are guaranteed by the Republic of Austria and will be listed on the regulated market of the Luxembourg Stock Exchange. Davis Polk advised the banks — Goldman Sachs International and HSBC Bank plc. — on the deal.
Allen & Overy describes Oesterreichische Kontrollbank as "Austria’s main provider of financial and information services to the export industry and the capital market," and says that "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 A&O team consisted of Partner Marc Plepelits, Senior Associate Martin Schmidt, and Associate Rita Nicole Thomas.
Davis Polk did not reply to our inquiry on the deal.
