Free Trial

Austria triple-tranche mandate

EGB SYNDICATION

"The REPUBLIC OF AUSTRIA has mandated Barclays, BofA Securities, Citi, Goldman Sachs Bank Europe SE, J.P. Morgan and Raiffeisen Bank International to lead manage its new Reg S/144a eligible triple-tranche EUR issue consisting of a new 7yr Benchmark maturing 20 October 2030, a tap of the RAGB 0.250% 10/20/2036 and a €1bn (no-grow) tap of the Green RAGB 1.850% 05/23/2049. The transaction is expected to be launched and priced in the near future, subject to market conditions."

  • MNI expect the transaction to take place tomorrow.
  • This will be the third Austrian syndication of 2023 (following a single-tranche 10-year in January and a dual tranche 6-year Green / 30-year in April).
  • Austria has only held a triple tranche syndication once before - in January 2022.
  • We pencil in a total transaction size of E3.5-5.0bln across the three issues.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.