Oesterreichische Kontrollbank $1 Billion Notes Offering

Davis Polk advised the underwriters on an SEC-registered offering on Schedule B by Oesterreichische Kontrollbank Aktiengesellschaft of its $1 billion 3.125% guaranteed global notes due 2023

BofA Merrill Lynch, Citigroup, Goldman Sachs International and HSBC acted as underwriters on the offering.

The notes are guaranteed by the Republic of Austria.

OeKB is primarily engaged in export financing. It administrates the Republic of Austria’s guarantees covering commercial, political and foreign exchange risks in connection with Austrian exports and also provides medium- and long-term financing to banks and foreign importers for Austrian export transactions.

The Davis Polk corporate team included partner Leo Borchardt (Picture) and associate Alexander W. Simmonds.

Involved fees earner: Leo Borchardt – Davis Polk & Wardwell; Alexander Simmonds – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Merrill Lynch; Citigroup Inc.; Goldman Sachs International; HSBC;