August 29, 2024 09:08 GMT
AUSTRIA AUCTION PREVIEW: On offer next week
AUSTRIA AUCTION PREVIEW
Austria has announced it will be looking to sell a combined E1.4375bln of the following RAGBs at its auction next Tuesday, September 3:
- the on-the-run 10-year 2.90% Feb-34 RAGB (ISIN: AT0000A39UW5)
- the 1.50% Nov-86 RAGB (ISIN: AT0000A1PEF7)
The second line is the RAGB that was proposed for a syndicated tap earlier this week but ultimately was not issued. The fact that it is being auctioned next week suggests that there is demand on the line, just not quite enough to go ahead with the syndicated tap.
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