FRANKFURT (MNI) – The German federal government confirmed Tuesday
that it will sell about E5 billion in a top-up of its 2.25%-coupon
September 2020 10-year bund on September 15.
The formal tender for the auction will be announced on Tuesday,
September 14. Bids for the top-up are due by 09:00 GMT on Wednesday,
September 15, with results of the allocation to be announced shortly
thereafter.
The top-up tranche will settle on Friday, September 17.
Given the E6 billion of the 10-year bond already issued, the top-up
will bring total volume outstanding to E11 billion for the security,
which matures on September 4, 2020 and is strippable.
–Frankfurt bureau: +49-69-720142; frankfurt@marketnews.com
[TOPICS: M$G$$$,M$$FI$,MGX$$$]
