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Free AccessThe OEBFA has issued an updated funding.....>
AUSTRIA: The OEBFA has issued an updated funding plan, highlights:
- Approx. EUR60bln in total issuance (vs 31-34bln projected in Dec 2019)
- Minimum EUR35bln in RAGB issuance (vs 18-21bln projected in Dec 2019)
- Minimum EUR16bln in bill issuance (vs 7.4bln outstanding as of end-2019)
- 2 to 3 RAGB syndications (vs 1 to 2 projected in Dec 2019)
- Over 40% of total funding programme completed to date (EUR23.8bln via RAGBs)
- Monthly auction dates remain unchanged on the OEBFA's calendar but from July
2020 onwards, volume and tenors will be announced on Thursdays in the week
before the auction (previously Tuesdays).
- OEBFA notes that the upward revision in funding requirements is due solely to
COVID-19's impact on the fiscal accounts.
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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.