Austria floats innovative dual tranche deal

By Tessa Wilkie
28 May 2014

Austria took advantage of a clear week of issuance to bring an unusual dual tranche issue that included a six year floating rate note. Strong demand for the 10-year should encourage issuers looking at printing euro benchmarks in the coming weeks.

KfW is thought to be looking at a possible euro benchmark next week — with 10 years the most likely option. But with holidays in China, Hong Kong and Taiwan on Monday, a European Central Bank meeting on Thursday and US non-farm payrolls data set to be released ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial