Austria smashes expectations with century bond
Austria's 100 year bond, priced on Tuesday, highlighted just how far investors will go — and in their droves — to earn a bit of yield, with even the imminent threat of rising rates in euros unable to deter them from placing orders more than three times the size of a deal that was by no means measly. Lewis McLellan reports.
The 208 investors that piled into the book showed that the ultra-long end is clearly a remarkably different place to what it was only a couple of years ago.Felix Orsini, Société Générale’s global head of SSA debt ...
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