FRANKFURT (MNI) – The German federal government called for bids
Tuesday on its E6 billion top-up of the 3.00%-coupon July 2020, 10-year
bund, the Bundesbank announced Tuesday.
Bids for the top-up are due by 09:00 GMT Wednesday, May 19, with
results of the allocation to be announced shortly thereafter. The top-up
tranche will settle on Friday, May 21.
Given the E6 billion of the 10-year bond already issued, the top-up
will bring total volume outstanding to E12 billion for the security,
which matures on July 4, 2020 and is strippable.
The security will be re-opened once more, on June 16 by E5 billion,
according to the government’s most recent issuance calendar.
–Frankfurt bureau. Tel: +49-69-720-142. Email: frankfurt@marketnews.com
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
