Allen & Overy advised Oesterreichische Kontrollbank on legal aspects of its public offering of $700 million of Floating Rate Guaranteed Global Notes due 2017. The bonds are guaranteed by the Republic of Austria and will be listed on the regulated market of the Luxembourg Stock Exchange.

Oesterreichische Kontrollbank (“OeKB”) 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.

The Allen & Overy team advising OeKB in this transaction was led by Frankfurt based partner Marc Plepelits (US Corporate Finance) and included senior associate Martin Schmidt and associate Rita Nicole Thomas (both US Corporate Finance, Frankfurt).