Austria and Greece take €3.5bn each in hectic euro market

By Lewis McLellan
27 Jan 2021

A pair of sovereign borrowers hit the crowded euro bond market on Wednesday, pulling down a combined €7bn. Public sector issuance is showing no signs of slowing: Wednesday’s borrowers received huge orders.

Austria hit the market for a 10 year benchmark. Bookrunners Barclays, Bank of America, Goldman Sachs, JP Morgan, Nomura and UniCredit opened with guidance of 10bp area through mid-swaps.

After an hour or so, the book already had €32bn of orders, €3.75bn of which came ...

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