Austria Issues EUR7 Billion in Triple-Tranche Bond Transaction

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 [e-mail]

(END) Dow Jones Newswires

01-18-24 0854ET