Obbligazione Österreichische Kontrollbank AG 1.75% ( US676167BC27 ) in USD

Österreichische Kontrollbank AG

100 USD ▼

Austria

US676167BC27 ( in USD )

1.75% per anno ( pagato 2 volte l'anno)

05/10/2015 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Oesterreichische Kontrollbank US676167BC27 in USD 1.75%, scaduta

1 000 USD

1 000 000 000 USD

676167BC2

AA+ ( High grade - Investment-grade )

Aaa ( Prime - Investment-grade )

La Oesterreichische Kontrollbank (OeKB) è una banca austriaca specializzata nel finanziamento delle esportazioni e nel sostegno dell'economia nazionale.

The Obbligazione issued by Österreichische Kontrollbank AG ( Austria ) , in USD, with the ISIN code US676167BC27, pays a coupon of 1.75% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 05/10/2015

The Obbligazione issued by Österreichische Kontrollbank AG ( Austria ) , in USD, with the ISIN code US676167BC27, was rated Aaa ( Prime - Investment-grade ) by Moody's credit rating agency.

The Obbligazione issued by Österreichische Kontrollbank AG ( Austria ) , in USD, with the ISIN code US676167BC27, was rated AA+ ( High grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

Prospectus Supplement $1,000,000,000 Guaranteed Global Notes Due 2015
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424B5 1 d424b5.htm PROSPECTUS SUPPLEMENT $1,000,000,000 GUARANTEED GLOBAL
NOTES DUE 2015
Table of Contents
PROSPECTUS SUPPLEMENT
Filed Pursuant to Rule 424(b)(5)
(To Prospectus dated October 27, 2009)

Registration Statement No. 333-161148

$1,000,000,000
Oesterreichische Kontrollbank Aktiengesellschaft

1.750% Guaranteed Global Notes Due 2015
Unconditionally Guaranteed by the
Republic of Austria
(the "Notes") Issued under the Global Issuance Facility
Oesterreichische Kontrollbank Aktiengesellschaft is offering Notes in an aggregate principal amount of $1,000,000,000.
We have published a final term sheet, dated September 27, 2010 (the "Final Term Sheet"), included as Exhibit A hereto,
specifying the terms of the Notes.

The following particular terms apply to the Notes:

· The Notes will be issued on October 5, 2010, which is
· We may redeem all, but not fewer than all, of the
the fifth New York business day following the pricing
Notes if certain additional taxes are payable.
of the Notes.

· Interest is to be paid on April 5 and October 5 of each

· The Notes will mature on October 5, 2015.
year, with the first interest payment to be made on

· The Notes will bear interest at a rate of 1.750% per
April 5, 2011.

annum, calculated on a 30/360 basis.
· Additional Interest is payable only under certain

· The Notes will be issued under a single global
limited circumstances. See "Description of Notes".

certificate structure.
· The Notes will be denominated in minimum

· The Notes will not be convertible, amortized or subject
denominations of $1,000 and integral multiples
to a sinking fund.
thereof.

We intend to apply to list the Notes on the regulated market of the Luxembourg Stock Exchange in accordance with
its terms.

Proceeds to
Oesterreichische
Price to
Underwriters'
Kontrollbank

Public

Commissions
Aktiengesellschaft
$1,000,000,000 principal amount per Note

99.829%

0.125%

99.704%
Total
$998,290,000 $1,250,000

$997,040,000

The Securities and Exchange Commission and state securities regulators have not approved or disapproved these
securities, or determined if this prospectus supplement or the accompanying prospectus are truthful or complete. Any
representation to the contrary is a criminal offense.
Deutsche Bank

Goldman Sachs International
HSBC
Barclays Capital
BNP Paribas
RBC Capital Markets
UBS Investment Bank
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Table of Contents
TABLE OF CONTENTS

PAGE

INTRODUCTION
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WHERE YOU CAN FIND MORE INFORMATION
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APPLICATION OF PROCEEDS
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DESCRIPTION OF NOTES
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PLAN OF DISTRIBUTION
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LEGAL MATTERS
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INTRODUCTION

You should read this Prospectus Supplement with the Prospectus, which contains and incorporates by reference
information regarding Oesterreichiche Kontrollbank Aktiengesellschaft (the "Bank", "we" or "us"), the Republic of Austria
and other matters, including a description of certain terms of the Notes offered under this program. You may also find
additional information concerning the Bank and the Republic of Austria and the Notes in the Registration Statement
(Registration No. 333-161148) filed with the Securities and Exchange Commission under the Securities Act of 1933, as
amended, and relating to the securities of the Bank described in the Prospectus which also constitutes a post-effective
amendment to Registration Statement No. 333-134038, as amended.

WHERE YOU CAN FIND MORE INFORMATION

We file reports and other information with the SEC. You may read and copy any document we file at the SEC's public
reference room at 450 Fifth Street, N.W., Washington, DC 20549. Please call the SEC at 1-800-SEC-0300 for further
information on the public reference room. All filings made after November 4, 2002 are also available online through the
SEC's EDGAR electronic filing system. Access to EDGAR can be found on the SEC's website, www.sec.gov.

This Prospectus Supplement is part of a registration statement we filed with the SEC. Any person, including a beneficial
owner, may request a copy of our filings with the SEC, at no cost, by contacting any of the following addresses:

Deutsche Bank AG, London Branch Goldman Sachs International
HSBC Bank plc
Winchester House
Peterborough Court
8 Canada Square
1 Great Winchester Street
133 Fleet Street
London E14 5HQ
London EC2N 2DB
London EC4A 2BB
United Kingdom
United Kingdom
United Kingdom
Telephone: +44 20 7991 8888
Telephone: +44 20 7545 8000
Telephone: +44 20 7774 1000
Telefax: +44 20 7992 4973
Telefax: +44 20 7545 4455
Telefax: +44 20 7774 4477
Attention: Transaction
Attention: Syndicate Desk

Attention: Syndicate Desk

Management Group

You should rely only on the information provided or incorporated by reference in this Prospectus Supplement or the
accompanying Prospectus. We have not authorized anyone else to provide you with different information. We are not making
an offer of the Notes in any state where the offer is not permitted. You should not assume that the information in this
Prospectus Supplement or the Prospectus is accurate as of any date other than that of the date on the front of those
documents.

See also "Where You Can Find More Information" in the Prospectus.

APPLICATION OF PROCEEDS

We will use the net proceeds from the sale of the Notes to finance export transactions, either directly or by repaying
borrowings incurred to finance such transactions, as further described in the Prospectus.

References to "U.S. dollars" or "$" are to the currency of the United States of America.

DESCRIPTION OF NOTES

This Prospectus Supplement, including the Final Term Sheet included as Annex A in this Prospectus Supplement,
describes the particular terms of the Notes. The Prospectus Supplement supplements the description of the general terms of
the Guaranteed Debt Securities set forth in the Prospectus; the description in this Prospectus Supplement supersedes the
description in the Prospectus to the extent they are inconsistent.

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We issue the Notes under a fiscal agency agreement dated as of May 11, 1998 as amended by a supplemental agreement
dated September 30, 2000 among the Bank, the Republic of Austria and Deutsche Bank Trust Company Americas (formerly
known as Bankers Trust Company), as fiscal agent (the "Fiscal Agency Agreement"). This contract sets forth the types of
Notes we may issue and the terms on which we will make payments on the Notes.

The Prospectus contains a summary of the terms and conditions of the Notes and the Fiscal Agency Agreement under
the heading "Description of Guaranteed Debt Securities". In addition to the Principal Paying Agent described in the
accompanying Prospectus, we have appointed Deutsche Bank Luxembourg S.A. as Paying Agent in Luxembourg.

For more information, you may review the form of guaranteed debt securities and the Fiscal Agency Agreement as filed
with the SEC. See "Where You Can Find More Information" on how to locate this information. A "Business Day" in
connection with the Notes means any day except a day on which banks are not open for business in London or New York.

The Notes will be issued under a single global certificate structure, as further described in the Prospectus.

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PLAN OF DISTRIBUTION

Deutsche Bank AG, London Branch, Goldman Sachs International and HSBC Bank plc (the "Lead Underwriters") and
Barclays Bank PLC, BNP Paribas, RBC Capital Markets Corporation and UBS Limited, (together with the Lead
Underwriters, the "Underwriters") have, pursuant to the Underwriting Agreement, agreed with the Bank to subscribe and pay
for the $1,000,000,000 principal amount of Notes at 99.829% of their principal amount less a commission of 0.125% of such
principal amount of the Notes for management and underwriting.

Under the terms and conditions of the Underwriting Agreement, the Underwriters are committed to take and pay for all
of the Notes, if any are taken.

Each Underwriter, on behalf of itself and each of its affiliates that participates in the initial distribution of the Notes, has
represented and agreed that: (a) it has only communicated or caused to be communicated and will only communicate or cause
to be communicated any invitation or inducement to engage in investment activity (within the meaning of section 21 of the
Financial Services and Markets Act 2000 (the "FSMA")) received by it in connection with the issue or sale of such Notes in
circumstances in which section 21(1) of the FSMA does not apply to the Bank or the Guarantor; and (b) it has complied and
will comply with all applicable provisions of the FSMA with respect to anything done by it in relation to the Notes in, from
or otherwise involving the United Kingdom.

Each Underwriter, on behalf of itself and each of its affiliates that participates in the initial distribution of the Notes, also
represents and agrees with the Bank that:

· any offering of the Notes in Austria will be made in compliance with the provisions of the Austrian Capital

Markets Act and other applicable laws or regulations of Austria; and

· any offering and sale of the Notes in the Federal Republic of Germany ("Germany") will be made in accordance

with the provisions of the German Securities Prospectus Act (Wertpapierprospektgesetz) of June 22, 2005, as
amended, and any other laws applicable in Germany governing the issue, sale and offering of securities.

Each Underwriter, on behalf of itself and each of its affiliates that participates in the initial distribution of the Notes,
severally represents to and agrees with the Bank that in relation to each Member State of the European Economic Area,
which has implemented the Prospectus Directive (each, a "Relevant Member State"), with effect from and including the date
on which the Prospectus Directive is implemented in that Relevant Member State (the "Relevant Implementation Date"), it
has not made and will not make an offer of the Notes to the public in that Relevant Member State prior to the publication of a
prospectus in relation to the Notes, which has been approved by the competent authority in that Relevant Member State or,
where appropriate, approved in another Relevant Member State and notified to the competent authority in that Relevant
Member State, all in accordance with the Prospectus Directive, except that it may, with effect from and including the
Relevant Implementation Date, make an offer of the Notes to the public in that Relevant Member State at any time:

(a) to legal entities, which are authorized or regulated to operate in the financial markets or, if not so authorized or

regulated, whose corporate purpose is solely to invest in securities;

(b) to any legal entity, which has two or more of (A) an average of at least 250 employees during the last financial

year; (B) a total balance sheet of more than 43,000,000 and (C) an annual net turnover of more than 50,000,000,
as shown in its last annual or consolidated accounts; or

(c) in any other circumstances, which do not require the publication by us of a prospectus pursuant to Article 3 of the

Prospectus Directive or pursuant to any applicable national law of any Relevant Member State;

whereby the expression an "offer of the Notes to the public" in relation to the Notes in any Relevant Member State means the
communication in any form and by any means of sufficient information on the terms of the offer and the Notes to be offered
so as to enable an investor to decide to purchase or subscribe the Notes, as the same may be varied in that Member State by
any measure implementing the Prospectus Directive in that Member State, and the expression "Prospectus Directive" means
Directive 2003/71/EC and includes any relevant implementing measure in each Relevant Member State.

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Each of the Underwriters, on behalf of itself and each of its affiliates that participates in the initial distribution of the
Notes represents and agrees with the Bank that it has not offered or sold and will not offer or sell any Notes, directly or
indirectly, in Japan or to, or for the benefit of, any resident of Japan (which term as used herein means any person resident in
Japan, including any corporation or other entity organized under the laws of Japan) or to others for re-offering or resale,
directly or indirectly, in Japan or to, or for the benefit of a resident of Japan, except pursuant to an exemption from the
registration requirements of, and otherwise in compliance with, the Financial Instruments and Exchange Law of Japan (Law
No. 25 of 1948, as amended) and any other applicable laws, regulations and ministerial guidelines of Japan.

Each of the Underwriters, on behalf of itself and each of its affiliates that participates in the initial distribution of the
Notes, agrees that it and each such affiliate has not offered, sold or delivered and it and they will not offer, sell or deliver,
directly or indirectly, any of the Notes or distribute the Prospectus, the Prospectus Supplement or any other offering material
relating to the Notes, in or from any jurisdiction except under circumstances that will, to the best of its or their knowledge
and belief after reasonable investigation, result in compliance with the applicable laws and regulations thereof.

The Underwriting Agreement provides that the obligations of the Underwriters are subject to certain conditions,
including approval of certain legal matters by counsel. In addition, the Lead Underwriters, on behalf of the Underwriters and
after consultation with the Bank, may terminate the Underwriting Agreement under certain circumstances.

The Notes are a new issue of securities with no established trading market. We intend to apply to list the Notes on the
regulated market of the Luxembourg Stock Exchange. We have been advised by the Lead Underwriters that they intend to
make a market in the Notes. The Lead Underwriters will not be obligated to do so and may discontinue market making at any
time without notice. No assurance can be given as to the liquidity of the trading market for the Notes.

We have agreed in the Underwriting Agreement to indemnify the Underwriters against certain liabilities, including
liabilities under the Securities Act of 1933.

It is expected that delivery of the Notes will be made against payment on or about October 5, 2010, which will be the
sixth New York business day following the date of pricing of the Notes. Pursuant to Rule 15c6-1 under the Securities
Exchange Act of 1934, trades in the secondary market generally are required to settle in three business days, unless the
parties to any such trade expressly agree otherwise. Accordingly, if any purchaser has traded or wishes to trade Notes on the
date of pricing of the Notes or the next two succeeding business days thereafter, it will be required, by virtue of the fact that
the Notes will initially settle on the sixth New York business day following the date of pricing of the Notes, to specify an
alternative settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who have
traded or wish to trade the Notes on the date of pricing of the Notes or the next two succeeding business days should consult
their own advisor.

LEGAL MATTERS

The validity of the Notes will be passed upon on behalf of the Bank by Pöch Krassnigg Rechtsanwälte GmbH,
Strauchgasse 1-3, A-1010 Vienna, Austria and by Shearman & Sterling LLP, Gervinusstrasse 17, D-60322 Frankfurt am
Main, Germany. The validity of the Notes will be passed upon on behalf of the Underwriters by Davis Polk & Wardwell
LLP, 99 Gresham Street, London EC2V 7NG, England. In giving their opinions Shearman & Sterling LLP and Davis Polk &
Wardwell LLP may rely as to all matters of Austrian law upon the opinions of Pöch Krassnigg Rechtsanwälte GmbH.

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Exhibit A
Oesterreichische Kontrollbank Aktiengesellschaft
$ 1,000,000,000 1.750% Guaranteed Global Notes due 2015
FINAL TERM SHEET
September 27, 2010

Issuer:
Oesterreichische Kontrollbank AG ("OeKB")
Guarantor:
Republic of Austria
Rating:
AAA by Standard & Poor's Ratings Services and Aaa by Moody's Investors Service1
Principal Amount:
US$ 1,000,000,000
Pricing Date
September 27, 2010
Closing Date:
October 5, 2010
Maturity Date:
October 5, 2015
Redemption Price:
100%
Interest Rate:
1.750% per annum (paid semi-annually 30/360, following, unadjusted)
Interest Payment Dates:
April 5 and October 5
First Interest Payment Date: April 5, 2011
Reoffer Spread:
49 bps over 1.250% US Treasury due August 2015, yielding 1.786% semi-annually
Price to Public/Issue Price: 99.829%
Underwriting Commissions: 0.125%
Proceeds to OeKB:
99.704%
Format:
SEC-registered global notes
Denominations:
US$ 1,000
Listing:
Regulated Market of the Luxembourg Stock Exchange
Business Days:
New York, London
Clearing System:
DTC (deliverable through Clearstream Luxembourg and Euroclear)
Joint Lead Managers:
Deutsche Bank AG, London Branch, Goldman Sachs International, HSBC Bank plc
Co-Managers:
Barclays Bank PLC, BNP Paribas, RBC Capital Markets Corporation, UBS Limited
Stabilization Manager:
n.a.
ISIN:
US676167BC27
CUSIP:
676167 BC2
1 A security rating is not a recommendation to buy, sell or hold securities. Ratings are subject to revision or withdrawal at any
time by the assigning rating organization. Each rating should be evaluated independently of any other rating.
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Prospectus

Oesterreichische Kontrollbank
Aktiengesellschaft

Guaranteed Debt Securities

Unconditionally Guaranteed by the
Republic of Austria

Guaranteed Debt Securities--

From time to time, Oesterreichische Kontrollbank Aktiengesellschaft may offer Guaranteed Debt Securities, with or
without warrants, that are unconditionally guaranteed by the Republic of Austria.

Presentation of Information--

We provide information to you about these Guaranteed Debt Securities and warrants in two separate documents that
progressively provide more detail: (a) this Prospectus, which provides general information, some of which may not apply to a
particular issuance of these Guaranteed Debt Securities or warrants, and (b) an accompanying Prospectus Supplement, which
will describe the specific terms of a particular issuance, such as:

· the designation, aggregate principal amount, denomination, or currency

· terms relating to the exercise of warrants (if any are issued)

· the method for selling, including names of the underwriters

· any recent developments since publication of the Prospectus

Neither the Securities and Exchange Commission nor any state securities commission has approved these Guaranteed
Debt Securities or determined that this Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense.

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TABLE OF CONTENTS

Page
About this Prospectus

2
Where You Can Find More Information

2
Enforcement of Liabilities

3
Use of Proceeds

3
Oesterreichische Kontrollbank Aktiengesellschaft

4
Official Statements

4
Description of Guaranteed Debt Securities

4
Clearing and Settlement

21
Debt Record of the Bank and Austria

25
Certain Tax Considerations

25
Plan of Distribution

30
Legal Opinions

31
Authorized Agent

31

ABOUT THIS PROSPECTUS

This prospectus is part of a registration statement that we filed with the U.S. Securities and Exchange Commission (the
"SEC"). When we filed the registration statement, we used a "shelf" registration process. Under this shelf registration
process, we may sell any combination of the securities described in this prospectus in one or more offerings up to the total
dollar amount registered with the SEC (or the equivalent in other currencies). This prospectus provides you with a general
description of the securities we may offer. Each time we sell securities, we will provide a prospectus supplement and, if
applicable, a pricing supplement that will contain specific information about the terms of that offering. The pricing
supplement and/or prospectus supplement may also add, update or change information contained in this prospectus. You
should read this prospectus and any prospectus supplement and pricing supplement together with additional information
described under "Where You Can Find More Information" below before you invest.

References in this prospectus to "we", "us", the "Bank", "OKB" and "Oesterreichische Kotrollbank AG" are to
Oesterreichische Kontrollbank Aktiengesellschaft. References to "Austria" and the "Republic" are to the Republic of Austria.

WHERE YOU CAN FIND MORE INFORMATION

The Bank and the Republic file an annual report on Form 18-K with the SEC. The annual report includes financial,
statistical and other information concerning the Bank and the Republic. You can inspect and copy this report at the Public
Reference Room maintained by the SEC at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-
0330 for further information on the SEC's Public Reference Room. You can also obtain copies of the annual report at
prescribed rates from the SEC's Public Reference Room. All filings made after November 4, 2002 are also available online
through the SEC's EDGAR electronic filing system. Access to EDGAR can be found on the SEC's website at www.sec.gov.

The SEC allows us to "incorporate by reference" the information in documents that we file with it, which means that we
can disclose important information to you by referring to those documents. The information incorporated by reference is an
important part of this prospectus, and information that we file later with the SEC will automatically update and supersede this
information. We incorporate by reference the documents listed below and any future filings made with the SEC to the extent
such filings indicate that they are intended to be incorporated by reference:

· Annual Report on Form 18-K of the Bank and the Republic for the year ended December 31, 2008, filed on August

4, 2009;

· Amendment No. 1 to Annual Report on Form 18-K/A of the Bank and the Republic for the year ended December

31, 2008, filed on October 15, 2009; and

· Amendment No. 2 to Annual Report on Form 18-K/A of the Bank and the Republic for the year ended December

31, 2009, filed on October 21, 2009.

You should rely only on the information incorporated by reference or provided in this prospectus, any prospectus
supplement or any pricing supplement. We have not authorized anyone else to provide you with different or additional
information. We are not making an offer of these securities in any state where the offer is not permitted. You should not
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assume that the information included or incorporated by reference in this prospectus, any prospectus supplement or any
pricing supplement is accurate as of any date other than the dates set forth on the respective cover pages of these documents.

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