FRANKFURT (MNI) – Germany will tap its 1.75% coupon April 2020
inflation-linked bond for E1 billion on July 21, the Bundesbank
announced Friday.
The top up will bring total volume of the issue to E10 billion.
Bids are due by 10:00 a.m. GMT on Wednesday, July 21. The auction
settled on Friday July 23. The bond is linked to euro area HICP
excluding tobacco.
The security matures on April 15, 2020. Germany announced in its
most recent issuance calendar that it would issue E3 to E4 billion in
linkers this quarter. This is its first linker issuance in Q3.
At the last auction of this security, on June 9, the government
sold E995.5 million out of a desired E1 billion tap, with a bid/cover
ratio of 1.9 and a real average yield of 0.86%.
–Frankfurt Newsroom +49 69 72 01 42: email: fftmail@marketnews.com–
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
