Austria has successfully completed a triple-tranche government bond syndication, raising €7 billion ($7.62 billion), with demand exceeding €64 billion, according to one of the lead manager banks.
Bond Details
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New February 2034 Government Bonds: Austria sold €4.5 billion in new government bonds with a coupon rate of 2.90%. The bond was priced at 99.704, yielding 2.934%. The spread on the bond was set at mid-swaps +22 basis points. Books closed at over €28 billion.
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May 2029 Green Bonds: Austria reopened the 2.90% May 2029 green bonds, issuing €1.25 billion. The spread on the bond was set 5 basis points below mid-swaps. The bond was priced at 101.454, yielding 2.602%. Demand exceeded €12 billion.
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May 2049 Green Bonds: Austria also reopened the 1.85% May 2049 green bonds, issuing €1.25 billion. The spread on the bond was set 56 basis points above mid-swaps. The bond was priced at 77.614, yielding 3.145%. Demand exceeded €24 billion.
Joint Lead Managers
The joint lead managers of the transaction were Barclays, BofA, Citi, Deutsche Bank, J.P. Morgan, and Raiffeisen Bank International.