Austria mandates for 20 year as ESM posts RFP

By Burhan Khadbai
14 Oct 2020

The Republic of Austria picked banks to lead a new 20 year euro benchmark on Wednesday, while the European Stability Mechanism surprised some market participants by sounding out banks for a deal next week, which could clash with the EU’s grand arrival as a supersized issuer.

Bank of America, Goldman Sachs, JP Morgan, Morgan Stanley, Nomura and UniCredit will lead Austria’s new October 2040 euro benchmark.

The deal will be Austria’s fourth and final syndication of the year after previously announcing the intention to issue three to four ...

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