Oesterreichische Kontrollbank

SECTOR Agency
RATINGS  AA+/Aa1
RATING OUTLOOK Both stable
FUNDING VOLUME 2019/20  €5.7BN/€5.5BN
RISK WEIGHT, LCR LEVEL, SOLVENCY II  0%, Level 1, 0% 
REPO ELIGIBILITY 

ECB QE
About Oesterreichische Kontrollbank

Oesterreichische Kontrollbank (OKB) was established in 1946 under the Austrian Stock Corporation Act. Its main role is to administer the Austrian government’s programme of guarantees to promote Austrian exports and to provide refinancing for loans carrying export guarantees or other forms of credit enhancement.

OKB also provides private export-credit insurance through affiliates, primarily for short-term revolving facilities, as well as a variety of operational and informational services for the Austrian capital markets.

Sustainable funding strategy

In 2019, OKB unveiled its Sustainable Financing Framework and a second-party opinion from Sustainalytics. The framework reflects OKB’s longstanding commitment to sustainable development and puts OKB at the forefront of sustainable finance in Austria as its first-ever sustainability bond issuer. In October 2019, OKB issued its inaugural sustainability bond with volume of €500 million. OKB intends to stay active in the sustainability-bond market.

SUSTAINABILITY OBJECTIVE OF GSS BOND PROGRAMME
Support projects that are aligned with the green and/or social categories, as outlined in the Sustainability Financing Framework.

GSS BOND PROGRAMME Sustainability bonds issued under Euroshelf Programme
REFERENCE TAXONOMY FOR THE USE OF PROCEEDS Green Bond Principles and Social Bond Principles project categories, issuer’s own definitions, EU Taxonomy
FRAMEWORK WITH WHICH THE GSS BOND PROGRAMME IS ALIGNED Green Bond Principles, Social Bond Principles, OKB’s Sustainable Financing Framework
EXTERNAL REVIEW PROVIDER  Sustainalytics

PUBLIC ISSUER ESG RATINGS/SCORES

INSTITUTION RATING/SCORE (all unsolicited)
ISS-oekom
MSCI
Sustainalytics		 Prime C+
AAA
Rank 1 out of 12,448

 

FOR FURTHER INFORMATION PLEASE CONTACT:

Treasury Department
+43 1 53127 2457
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www.oekb.at