Obligation Österreichische Kontrollbank AG 0.5% ( US676167CD90 ) en USD

Österreichische Kontrollbank AG

100 % ▲

Autriche

US676167CD90 ( en USD )

0.5% par an ( paiement semestriel )

15/09/2024 - Obligation échue

Prospectus brochure de l'obligation Oesterreichische Kontrollbank US676167CD90 en USD 0.5%, échue

1 000 USD

1 750 000 000 USD

676167CD9

L'Oesterreichische Kontrollbank (OeKB) est une banque autrichienne publique qui soutient l'économie nationale en fournissant des financements et des garanties aux entreprises autrichiennes, notamment dans les domaines de l'exportation et des investissements.

L'obligation US676167CD90 émise par Oesterreichische Kontrollbank (Autriche), d'une valeur nominale totale de 1 750 000 000 USD, avec un taux d'intérêt de 0,5%, échéant le 15 septembre 2024, libellée en USD et négociable par tranches de 1 000 USD minimum, a été remboursée à son échéance au prix de 100%.

INTERNATIONAL PROSPECTUS SUPPLEMENT DATED SEPTEMBER 16, 2021
(To Prospectus Supplement dated September 8, 2021 and to Prospectus dated
July 29, 2021)
U.S.$1,750,000,000
Oesterreichische Kontrollbank Aktiengesellschaft
0.500% Guaranteed Global Notes Due 2024
Unconditionally Guaranteed by the
Republic of Austria
Issued under the Global Issuance Facility
Oesterreichische Kontrollbank Aktiengesellschaft (herein referred to as the "Bank" or "we")
is offering guaranteed global notes in the aggregate principal amount of $1,750,000,000 (the
"Notes") unconditionally guaranteed by the Republic of Austria (the "Guarantor").
The following particular terms apply to the Notes:
S
The Notes will be issued on September 16,
S
We may redeem all, but not fewer than all, of
2021, which is the sixth New York business day
the
Notes
if
certain
additional taxes
are
following the pricing of the Notes.
payable.
S
The Notes will mature on September 16, 2024
S
Interest is to be paid on March 16 and
and be repaid at par value.
September 16 of each year, with the first
S
The
Notes
will
bear
interest
from
interest payment to be made on March 16,
September 16, 2021 at a rate of 0.500% per
2022.
annum, calculated on a 30/360 basis.
S
Additional
Interest
is
payable
only
under
S
The Notes will be issued under a single global
certain limited circumstances. See "Description
certificate structure.
of
Guaranteed
Debt
Securities"
in
the
Prospectus.
S
The Notes will not be convertible, amortized or
subject to a sinking fund.
S
The Notes will be denominated in minimum
denominations
of
$1,000
and
integral
multiples thereof.
Application has been made to list the Notes on the regulated market of the Luxembourg
Stock Exchange pursuant to Chapter 2 of Part III of the Loi relative aux prospectus pour
valeurs mobilières dated July 16, 2019 (the "Luxembourg Prospectus Act").
The Notes will be represented by one or more global certificates which will not be
exchangeable for definitive notes. The one or more permanent global certificates (the "DTC
Global Certificates"), which will be deposited with, or on behalf of, The Depository Trust
Company ("DTC"), will be issued in registered form and will represent the Notes held by
investors holding Notes through financial institutions that are participants in DTC. Euroclear
Bank SA/NV, as operator of the Euroclear System ("Euroclear"), and Clearstream Banking S.A.
("Clearstream, Luxembourg") will hold interests in the DTC Global Certificates on behalf of
their respective participants through their respective depositaries, which in turn will hold such
interests as participants in DTC. This International Prospectus Supplement contains certain
limited information about the offering of the Notes required for the listing of the Notes on the
Stock Exchange in Luxembourg. Detailed information concerning the offering is contained in
the Prospectus and the Prospectus Supplement, and we urge you to read this International
Prospectus Supplement, the Prospectus and the Prospectus Supplement in full.
The net proceeds we will receive from the sale of the Notes will be approximately
$1.746 billion after deducting the underwriting discounts and commissions.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE U.S. SECURITIES
AND EXCHANGE COMMISSION NOR HAS THE U.S. SECURITIES AND EXCHANGE COMMISSION
OR ANY SECURITIES COMMISSION OF A STATE OF THE UNITED STATES PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS INTERNATIONAL PROSPECTUS SUPPLEMENT OR THE
PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Barclays
HSBC
J.P. Morgan
RBC Capital Markets

OESTERREICHISCHE KONTROLLBANK AKTIENGESELLSCHAFT
Incorporation, Duration, Business and Registered Office
The Bank is an Austrian banking corporation which was incorporated under the laws
of the Republic of Austria ("Austria") in 1946 for an indefinite period of time.
The business of the Bank consists of the provision of services outside routine
commercial banking functions to the Austrian economy. In 1950 the Bank became
involved in the financing and promotion of Austrian exports. Since the original adoption of
the Export Promotion Act in 1964, which was replaced on June 1, 1981 by the Export
Guarantees Act of 1981, and which has since been amended (the "Export Guarantees
Act"), the Bank has acted as the sole agent of Austria for the administration of
guarantees issued by Austria under this Act covering commercial, political and foreign
exchange risks in connection with Austrian exports. The Bank also provides medium- and
long-term financing to banks and foreign importers for export transactions, the
repayment of which is guaranteed by Austria under the Export Guarantees Act.
Substantially all borrowings by the Bank in connection with export loan financing are
guaranteed either as to principal and interest, as to foreign exchange risk or as to both by
Austria under the Export Financing Guarantees Act of 1981, as amended. The Bank also
engages in certain other financial activities including the organization and administration
of
domestic
bond
issues,
in
particular
bond
offerings
by
Austria.
CCP
Austria
Abwicklungsstelle fu
¨r Bo
¨rsengescha
¨fte GmbH, or CCP.A, a joint venture between the Bank
and the Vienna Stock Exchange, operates the clearing system of the Vienna Stock
Exchange. The Bank's subsidiary OeKB CSD GmbH, or OeKB CSD, operates the business
of the Austrian central securities depository (Wertpapiersammelbank). OeKB CSD is a
company with limited liability and acts as central securities depository for Austria
pursuant to the Austrian Securities Deposit Act. The Bank does not accept deposits from
the general public or engage in general lending or other commercial banking activities. In
2019,
the
Bank
acquired
the
majority
holding
in
Österreichische
Hotel-
und
Tourismusbank Gesellschaft m.b.H., a special-purpose bank for financing and promoting
investments in tourism.
The Bank's registered office is at Am Hof 4, A-1010 Vienna, Austria.
Share Capital
The authorized share capital of the Bank is EUR 130 million divided into 880,000
ordinary no par value shares, all of which are issued and fully paid. The shares are in
registered form.
CAPITALIZATION
See "Oesterreichische Kontrollbank Aktiengesellschaft--Capitalization" in Exhibit (d)
to the Annual Report on Form 18-K, dated May 28, 2021, incorporated by reference into
the Prospectus. There has been no material change in the long-term indebtedness and
capital accounts of the Bank since May 28, 2021.
GENERAL INFORMATION
1.
The issue of the Notes has been authorized by a resolution dated September 8, 2021
of the Board of Management (Vorstand) of the Bank.
IS-2

2.
Application has been made to list the Notes on the regulated market of the
Luxembourg Stock Exchange.
3.
This
International
Prospectus
Supplement,
together
with
the
accompanying
Prospectus Supplement dated September 8, 2021 and the Prospectus dated July 29,
2021 (including the information incorporated therein by reference), fulfills the
requirements for an alleviated prospectus pursuant to Chapter 2 of Part III of the
Luxembourg Prospectus Act. It does not constitute a prospectus pursuant to Part II of
the Luxembourg Prospectus Act implementing certain provisions of Regulation (EU)
2017/1129 of the European Parliament and of the Council of 14 June 2017 (the
"Prospectus Regulation") into law in Luxembourg. Accordingly, this International
Prospectus Supplement, together with the accompanying Prospectus Supplement
dated September 8, 2021 and the Prospectus dated July 29, 2021 (including the
information incorporated therein by reference), does not purport to meet the format
and the disclosure requirements of the Prospectus Regulation and Commission
Delegated Regulation (EU) 2019/980, and it has not been, and will not be, submitted
for approval to any competent authority within the meaning of the Prospectus
Regulation. The Notes issued pursuant to this International Prospectus Supplement
will therefore not qualify for the benefit of the single European passport pursuant to
the Prospectus Regulation.
4.
The Notes have been accepted for clearance through Clearstream, Luxembourg and
Euroclear (Common Code 238744849, ISIN US676167CD90, CUSIP 676167 CD9).
5.
As long as any of the Notes are listed on the Luxembourg Stock Exchange, the Bank
will make available (without charge) its audited annual financial statements at the
offices of Banque Internationale a
` Luxembourg, société anonyme (the "Listing
Agent"). The Bank does not publish interim financial statements.
6.
As long as any of the Notes are listed on the Luxembourg Stock Exchange, the Bank
will make available (without charge) its corporate statutes (Satzung), as amended
from time to time, at the offices of the Listing Agent.
7.
As long as the Notes are listed on the Luxembourg Stock Exchange and the rules of
the Luxembourg Stock Exchange so require, all notices relating to the Notes will be
published in a daily newspaper of general circulation in Luxembourg, which
newspaper will normally be the Luxemburger Wort. Such notices may also be
published on the website of the Luxembourg Stock Exchange (www.bourse.lu).
8.
The Bank will also make available a copy of its Annual Report on Form 18-K, dated
May 28, 2021, incorporated into the Prospectus, on the website of the Luxembourg
Stock Exchange (www.bourse.lu).
9.
Except as disclosed herein or in the Prospectus Supplement, there has been no
material adverse change in the financial position or results of operations of the Bank
since December 31, 2020.
10. The Bank is not involved in, nor does the Bank have knowledge of any threat of, any
legal, arbitration, administrative or other proceedings (whether as defendant or
otherwise) the outcome of which is or may be material in the context of the issue of
the Notes.
11. Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company)
will act as fiscal agent and principal paying agent (the "Fiscal Agent") in respect of the
Notes pursuant to a Fiscal Agency Agreement dated as of May 11, 1998 as amended
by a Supplemental Agency Agreement dated as of September 30, 2000 (the "Fiscal
IS-3

Agency Agreement") among the Bank, the Guarantor and the Fiscal Agent. The
address of the Fiscal Agent is 280 Park Avenue, New York, New York 10017. Payment
of principal of and interest on the Notes will be made in accordance with the terms
and conditions of the Notes.
12. Copies of this International Prospectus Supplement, the Prospectus Supplement, the
Prospectus, the Fiscal Agency Agreement, the Underwriting Agreement and the
documents referred to in "Where You Can Find More Information" in the Prospectus
Supplement may be obtained as from the date hereof free of charge at the registered
offices of the Bank in Vienna, Austria and the Listing Agent in Luxembourg.
13. The Bank's registered offices are situated at Am Hof 4, A-1010 Vienna, Austria, and
the Bank is registered at the Companies Register in Vienna under No. FN 857496.
14. The Notes are represented by one or more global certificates in registered form which
will be deposited on or about September 16, 2021 with Deutsche Bank Trust
Company Americas as custodian for the Depositary Trust Company. The guarantee is
attached to each global certificate and is signed by a representative of the Republic of
Austria. For more information see "Clearing and Settlement" in the Prospectus. Copies
of the Notes and the Guarantee may be obtained as from the date hereof free of
charge at the registered offices of the Bank in Vienna, Austria, and the Listing Agent
in Luxembourg.
15. As long as the Notes are in global form, the Bank will maintain an intermediary agent
in Luxembourg between the Bank and the noteholders. In the case that definitive
certificates will be issued, notice will be made by the Bank describing the modalities
of payment and transfer in Luxembourg.
16. The Legal Entity Identifier (LEI) code of the Bank is 5299000OVRLMF858L016.
The Luxembourg Stock Exchange takes no responsibility for the contents of this
International Prospectus Supplement and the accompanying Prospectus Supplement,
Pricing Supplement and Prospectus, makes no representations as to their accuracy or
completeness and expressly disclaims any liability for any loss arising from or in reliance
upon the whole or any part of the contents of this International Prospectus Supplement
and the accompanying Prospectus Supplement, Pricing Supplement and Prospectus. The
Bank, having made all reasonable inquiries, confirms that the International Prospectus
Supplement, the Prospectus Supplement, the Pricing Supplement and the Prospectus
contain all information with regard to the Bank and the Notes which is material in the
context of the issue of the Notes, that the information contained in the International
Prospectus Supplement, the Prospectus Supplement, the Pricing Supplement and the
Prospectus is true and accurate in all material respects and is not misleading, that the
opinions and intentions expressed therein are honestly held and that there are no other
facts the omission of which makes the International Prospectus Supplement, the
Prospectus Supplement, the Pricing Supplement and the Prospectus as a whole or any of
such information or the expression of any such opinions or intentions misleading; the
Bank accepts responsibility accordingly.
IS-4

PROSPECTUS SUPPLEMENT
(To Prospectus dated July 29, 2021)
$1,750,000,000
Oesterreichische Kontrollbank Aktiengesellschaft
0.500% Guaranteed Global Notes Due 2024
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 $1,750,000,000.
The following particular terms apply to the Notes:
S
The
Notes
will
be
issued
on
S
We may redeem all, but not fewer than
September 16, 2021, which is the sixth
all, of the Notes if certain additional
New
York
business
day
following the
taxes are payable.
pricing of the Notes.
S
Interest is to be paid on March 16 and
S
The Notes will mature on September 16,
September 16 of each year, with the
2024.
first interest payment to be made on
S
The
Notes
will
bear
interest
from
March 16, 2022.
September 16, 2021 at a rate of 0.500%
S
Additional Interest is payable only under
per annum, calculated on a 30/360 basis.
certain
limited
circumstances.
See
S
The Notes will be issued under a single
"Description of Notes".
global certificate structure.
S
The
Notes
will
be
denominated
in
S
The
Notes
will
not
be
convertible,
minimum denominations of $1,000 and
amortized or subject to a sinking fund.
integral multiples 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
Per Note . . . . . . . . . . . . . . . . . . . . . . . . . . . .
99.884%
0.100%
99.784%
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,747,970,000
$1,750,000
$1,746,220,000
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.
Barclays
HSBC
J.P. Morgan
RBC Capital Markets
September 8, 2021

TABLE OF CONTENTS
PAGE
INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-3
WHERE YOU CAN FIND MORE INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-3
APPLICATION OF PROCEEDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-3
DESCRIPTION OF NOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-3
PLAN OF DISTRIBUTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-5
LEGAL MATTERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S-9
S-2

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. 333-226311) 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.
WHERE YOU CAN FIND MORE INFORMATION
This Prospectus Supplement is part of a registration statement we filed with the SEC.
We file reports and other information with the SEC. These filings are available to the
public online through the SEC's EDGAR electronic filing system at www.sec.gov.
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 "$" or "US$" 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.
We issue the Notes under a fiscal agency agreement dated as of May 11, 1998 as
amended by a supplemental agency agreement dated as of 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.
S-3

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.
S-4

PLAN OF DISTRIBUTION
Barclays Bank Ireland PLC, HSBC Bank plc, J.P. Morgan AG and RBC Capital Markets,
LLC (the "Underwriters") have, pursuant to the Underwriting Agreement, agreed with the
Bank to subscribe and pay for the $1,750,000,000 principal amount of Notes at 99.884%
of their principal amount less a commission of 0.100% of such principal amount of the
Notes for management and underwriting.
Subject to the terms and conditions set forth in the Underwriting Agreement, the
Underwriters named below have agreed to purchase, and we have agreed to sell to the
Underwriters, the principal amount of Notes set forth below.
Underwriter
Principal Amount
Barclays Bank Ireland PLC
One Molesworth Street
Dublin 2
D02RF29
Ireland . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
US$
437,500,000
HSBC Bank plc
8 Canada Square
London E14 5HQ
United Kingdom . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
US$
437,500,000
J.P. Morgan AG
Taunustor 1 (TaunusTurm)
60310 Frankfurt am Main
Germany . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
US$
437,500,000
RBC Capital Markets, LLC
Brookfield Place, 200 Vesey Street, 8th Floor
New York, NY 10281
United States of America . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
US$
437,500,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
US$1,750,000,000
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 not made and will not make an offer of the Notes to the public in the United
Kingdom, except that it may make an offer of such Notes to the public in the
United Kingdom: (i) at any time to any legal entity which is a qualified investor as
defined in Article 2 of the UK Prospectus Regulation; (ii) at any time to fewer than
150 natural or legal persons (other than qualified investors as defined in Article 2
of the UK Prospectus Regulation) in the United Kingdom subject to obtaining the
prior consent of the Lead Underwriters for any such offer; or (iii) at any time in
any other circumstances falling within section 86 of the Financial Services and
Markets Act 2000 (the "FSMA"), provided that no such offer of Notes referred to
in (ii) to (iii) above shall require the Bank or any Underwriter to publish a
prospectus pursuant to section 85 of the FSMA or supplement a prospectus
pursuant to Article 23 of the UK Prospectus Regulation;
S-5

(b) 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 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
(c) 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.
For the purposes of this provision, the expression an offer of Notes to the public in
relation to any Notes 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 for the Notes and the expression UK
Prospectus Regulation means Regulation (EU) 2017/1129 as it forms part of domestic law
by virtue of the European Union (Withdrawal) Act 2018.
Each Underwriter, on behalf of itself and each of its affiliates that participates in the
initial distribution of the Notes, has also represented and agreed with the Bank that:
S
any offering of the Notes in Austria will be made in compliance with the provisions
of the Austrian Capital Markets Act (Kapitalmarktgesetz) and other applicable
laws or regulations of Austria; and
S
any offering and sale of the Notes in the Federal Republic of Germany
("Germany") will be made in accordance with the provisions of any 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 has represented to and agreed with the Bank
that in relation to each Member State of the European Economic Area (each a "Relevant
State") it has not made and will not make an offer of the Notes to the public in that
Relevant State prior to the publication of a prospectus in relation to the Notes which has
been approved by the competent authority in that Relevant State or, where appropriate,
approved in another Relevant State and published and notified to the competent authority
in that Relevant State, all in accordance with the Prospectus Regulation, except that it
may make an offer of the Notes to the public in that Relevant State at any time:
(a) to any legal entity which is a qualified investor as defined in the Prospectus Regulation;
(b) to fewer than 150 natural or legal persons (other than qualified investors as defined
in the Prospectus Regulation), as permitted under the Prospectus Regulation,
subject to obtaining the prior consent of the Lead Underwriters for any such offer;
or
(c) in
any
other
circumstances
falling
within
Article
1(4)
of the
Prospectus
Regulation; provided that no such offer of Notes shall require the Bank or any
Underwriter to publish a prospectus pursuant to Article 3 of the Prospectus
Regulation or supplement a prospectus pursuant to Article 23 of the Prospectus
Regulation.
S-6