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EGB SYNDICATION: Austria: New 5-year (and possible tap of 60-year) mandate

EGB SYNDICATION

"The REPUBLIC OF AUSTRIA has mandated Barclays, BofA Securities, Deutsche Bank, Goldman Sachs Bank Europe SE, HSBC and Morgan Stanley to lead manage its new Reg S/144a eligible 5y EUR Benchmark transaction maturing 20 October 2029. The Republic will also consider a tap of their existing 1.5% November 2086 line (AT0000A1PEF7), subject to reverse interest. The transaction is expected to be launched and priced in the near future, subject to market conditions."
From market source

  • MNI expect the transaction to take place tomorrow and pencil in E4-5bln for the new 5-year (and E1.0-1.5bln for the 60-year).

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