We advised the underwriters on the notes offering

Davis Polk advised the underwriters on an SEC-registered offering on Schedule B by Oesterreichische Kontrollbank Aktiengesellschaft of its $1.5 billion 3.750% guaranteed global notes due 2031. 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, counsel Christopher Diel and associates Matt Meagher and Linus Cathomas. All members of the Davis Polk team are based in the London office.