FRANKFURT (MNI) – The German federal government confirmed Tuesday
that it will top up its 4.75%-coupon 30-year bond with a July 2040
maturity by about E3 billion on April 21.
The formal tender for the 30-year auction will be announced on
Tuesday, April 20. Bids for the auction will be due by 09:00 GMT the
next day, with results of the allocation available shortly thereafter.
The top-up tranche will settle on Friday, April 23.
Given the E13 billion already outstanding, next week’s top up will
bring total emission volume to E16 billion.
–Frankfurt newsroom: +49-69-720142; frankfurt@marketnews.com
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
