FRANKFURT (MNI) – The German federal government called for bids
Tuesday on its E5 billion top-up of the 2.25%-coupon September 2020,
10-year bund, the Bundesbank announced Tuesday.
Bids for the top-up are due by 09:00 GMT Wednesday, October 13,
with results of the allocation to be announced shortly thereafter. The
top-up tranche will settle on Friday, October 13.
Given the E11 billion of the 10-year bond already issued, the
top-up will bring total volume outstanding to E16 billion for the
security, which matures on September 4, 2020 and is strippable.
— Frankfurt bureau: +49-69-720-142; Email: frankfurt@marketnews.com —
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
