May 21, 2024 10:05 GMT
Austria 15-year mandate
EGB SYNDICATION
- "The REPUBLIC OF AUSTRIA has mandated Barclays, BofA Securities, Deutsche Bank, Erste Group, J.P. Morgan and Raiffeisen Bank International to lead manage its new Reg S/144a eligible 15y EUR Benchmark transaction maturing 15 July 2039. The transaction is expected to be launched and priced in the near future, subject to market conditions. The remaining primary dealer group will be invited to participate as co-lead managers."
- We had also flagged this as one of the most likely to issue this week (alongside Spain) and we have also had France announce their 20-year OATei mandate (which we had pencilled for May). We pencil in E3.5-5.0bln with a transaction likely tomorrow.
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