By Emese Bartha
Austria issued a total of 3.5 billion euros ($4.09 billion) in a dual-tranche government bond syndication on Tuesday, one of the lead manager banks said.
In one leg of the issue, Austria sold 1 billion euros in the tap of the May 2029 green bond, the same bank said. This tap attracted over 13 billion euros in demand, including 550 million euros in joint lead manager demand.
The spread on the green bond tap was set at 4 basis points below midswaps. The tap was priced at 101.602, at a yield of 2.373%.
In the other leg of the issue, Austria sold 2.5 billion euros in a new March 2056-dated bond. This bond attracted more than 56 billion euros in demand by books’ close, including 3.05 billion euros in joint lead manager demand. The final book sized for the new 30-year bond is marginally lower than indicated as over 57 billion euros, according to preliminary data.
The spread on the new bond was set 4 basis points above the mid-yield of the October 2053 Austrian bond. The new bond, which has a 3.75% coupon, was priced at 99.500, at a yield of 3.778%, the same bank said.
Lead managers of the issue were Citi, Deutsche Bank, HSBC, J.P. Morgan, Morgan Stanley and Raiffeisen Bank International.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
03-03-26 0929ET