Austria Issues EUR7 Billion in Triple-Tranche Bond Transaction
January 18 2024 - 8:09AM
Dow Jones News
By Emese Bartha
Austria completed a triple-tranche government bond syndication
on Thursday, issuing 7 billion euros ($7.62 billion) and attracting
more than EUR64 billion in demand, one of the lead manager banks
said.
Each tranche includes EUR250 million issuer retention and each
book includes joint lead manager interest.
Austria sold EUR4.5 billion in new February 2034 government
bonds, with books closing in excess of EUR28 billion, the same bank
said. The spread on the bond was set at mid-swaps +22 basis
points.
Besides the launch of the new 10-year bond, Austria reopened the
2.90% May 2029 and 1.85% May 2049 green bonds, issuing EUR1.25
billion in each. Books closed in excess of EUR12 billion for the
2029-dated bond and in excess of EUR24 billion for the 2049-dated
bond, the same bank said.
The spread on the 2029-dated bond was set 5 basis points below
mid-swaps, while it was set 56 basis points above mid-swaps for the
2049-dated bond.
Joint lead managers of the transaction were Barclays, BofA,
Citi, Deutsche Bank, J.P. Morgan and Raiffeisen Bank
International.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
January 18, 2024 08:54 ET (13:54 GMT)
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