Allen & Overy has advised Oesterreichische Kontrollbank on its public offering of USD 1.5 billion of 2.875% Guaranteed Global Notes due 2021. The underwriters, Deutsche Bank AG, London Branch, J.P. Morgan Securities, and RBC Capital Markets, were represented by Davis Polk & Wardwell.
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 Frankfurt-based team included Partner Marc Plepelits, Senior Associate Martin Schmidt, and Associate Rita Nicole Thomas.
The London-based team at Davis Polk included Partner Leo Borchardt and Associate Alexander W. Simmonds.