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, 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: +49-69-720-142; Email: frankfurt@marketnews.com —
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
