Investor Presentaiton
OeBFA
Austrian Treasury
Triple-tranche syndication of the Republic of Austria (January 2024)
Distribution by Investor Type
Distribution by Geography
EUR 4.50bn 10y, EUR 1.25bn Green 2029 tap, EUR 1.25bn Green 2049 tap
1%
6% 10%
Issue Ratings
AA+ (stab)/Aa1 (stab) / AA+ (stab) / AAA (stab) / AAA (neg)
(S&P / Moody's / Fitch / Morningstar DBRS/Scope)
Domestic Government Bond, RegS/144A, CAC
22%
1%
New 10y
51%
42%
41%
Green 2049 tap
26%
23 May 2049
Format
Tranches
Maturity Date
Total Issue Amount
Form of Notes
New 10-year
20 February 2034
Green 2029 tap
23 May 2029
EUR 4.50bn (incl. EUR 0.25bn EUR 1.25bn (incl. EUR 0.25bn EUR 1.25bn (incl. EUR 0.25bn
own retention)
own retention)
Bearer Notes, Senior, Unsecured, Unsubordinated
25 January 2024
own retention)
◉
Settlement
Coupon
Issue Spread
Re-offer Price / Yield
2.90%
MS +22bps
99.704/2.934%
Re-offer Spread vs BM
+59.6 bps (2.20% DBR 02/34)
Listing
ISIN
Joint Bookrunners
AT0000A39UW5
2.90%
MS -5bps
1.85%
MS +56bps
77.614/3.145%
101.4542.602%
+35.5 bps (2.10% OBL 04/29) +64.3 bps (1.25% DBR 08/48)
Vienna, Frankfurt
AT0000A33SH3
AT0000A2Y8G4
Barclays, BofA Securities, Citi, Deutsche Bank, J.P. Morgan and Raiffeisen Bank International
On 18 January 2024, Austria successfully launched a new EUR 7.00 billion triple-tranche transaction,
comprising a new 10-year benchmark and taps of the Green 2029 and Green 2049 RAGBs.
This was Austria's third triple-tranche transaction and the first one worldwide including two green
bonds.
High demand led to an avg. oversubscription of 10.2x; final books closed at over EUR 64bn (EUR 28bn for
the 10-year, EUR 12bn for the Green 2029 and 24bn for the Green 2049 tap). This represents the largest
combined order book size achieved for any Austrian government transaction in the history of the Republic.
Distribution for all lines was well-diversified by investor type and order size with 310 different investors
participating in the transaction, marking a record.
Republic of Austria / Investor Information, April 2024
2. Debt Management
2%
6%
14%
22%
50%
2029G tap
2%
33%
45%
26%
1%
1%
3%
9%
37%
35%
63%
2049G tap
17%
■Funds
■ Banks
34%
■CBs/Official Institutions
■Insurance / Pension funds
■Retail / Other
■Eurozone (incl. AT)
Other Europe (UK, NOR, CH)
■Middle East
■America
Asia
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