FRANKFURT (MNI) – The German federal government called for bids
Tuesday on its E5 billion top-up of the 3.25%-coupon July 2021, 10-year
bund, the Bundesbank announced Tuesday.
Bids for the top-up are due by 9:00 GMT Wednesday, May 25, with
results of the allocation to be announced shortly thereafter. The top-up
tranche will settle on Friday, May 27.
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 July 4, 2021 and is strippable.
— Frankfurt bureau: +49-69-720-142; email: frankfurt@marketnews.com —
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
