May 17, 2022 07:30 GMT
0.50% Apr-43 RFGB
FINLAND AUCTION PREVIEW
MNI (London)
- On offer today: E1.0bln of the 0.50% Apr-43 RFGB (ISIN: FI4000517677)
- Market colour: Following an approx. 20bp fall at the onset of the Ukraine war at the beginning of March, yields rose around 115bp to a high of 1.810% last Monday. Markets have since repriced growth outlooks, and yields stood at 1.722% at the time of writing.
- Spreads to the 3.25% Jul-42 Bund widened to a high of approx. 69.6bp on March 7, and have since traded within the 52.7-63.4bp range, widening to the upper end of this range at the time of writing.
- Timing: Results will be available shortly after the auction closes at 1100 BST / 1200 CEST.
Auction history:
Date | Issued | Avg yield | Bid/cover | Price | Pre-auct | Operation |
Current | 1.722% | |||||
26-Jan-22 | E3bln | 0.528% | 99.44 | New | Synd |
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