OeKB launches five year bond, ADB to follow after sterling success

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By Lewis McLellan
26 Jan 2021

Oesterreichische Kontrollbank (OeKB) hit the market on Tuesday for a five year dollar benchmark, raising $1.5bn despite pricing coming through the issuer’s secondary curve.

Bank of America, Citi, Deutsche Bank and Goldman Sachs ran the books for the February 2026 trade, offering initial price thoughts of 8bp area over mid-swaps. That was an aggressive starting point, according to one head of SSA syndicate, who spotted the borrower’s September ...

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