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0% Sep-30 RFGB

FINLAND AUCTION PREVIEW
  • Finland will come to the market today to sell E1.0bln of the 0% Sep-30 RFGB.
  • This is the current 10-year benchmark and it was launched in August 2020 via syndication before being tapped in November via auction.
  • The syndicated launch saw an order book of E27bln with a size of E3bln.
  • The November auction saw smaller, albeit still decent demand, achieving a bid-to-cover of 1.53x on a sales of E951mln with a price of 104.79 and yield of -0.474%.
  • We would expect a similarly decent auction today.
  • Results will be available shortly after the auction closes at 11:00GMT/13:00EET

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