Austria
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Issuer will focus on PPs and sterling for rest of 2025, pre-funding a possibility -
Loan bankers say deals are being delayed and auto sector can expect restructurings
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Markus Stix explains the sovereign's approach to recent euro syndication
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◆ Rival bankers discuss pricing approach ◆ Debate on whether IPTs start wider now ◆ Austrian syndication targets 'sweet spot' and draws bids
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Veteran funding official to exit after more than three decades
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Price advantage and strong treasury demand brings borrowers back for more
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◆ Mid-single digit premium paid ◆ Deal attracts slim yet granular book ◆ Benchmark Austrian supply down by two thirds
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◆ Bookbuild momentum slows due to Bloomberg outage ◆ Multiple ways of coming up with the same fair value ◆ 10 years appeals to duration and yield seekers
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Almost Sfr3bn printed in first week of May as Swiss franc mart shakes off tariff spectre
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◆ Deal is the first Austrian benchmark since January ◆ Slim premium paid ◆ Austrian supply down due to lower loan growth
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‘A strong focus on a fast execution process’ aimed to minimise uncertainty and volatility, says sovereign’s funding head
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◆ Combined book one of the sovereign’s largest ◆ Swap spread volatility observed overnight ◆ Issuer ‘did well not to stretch’ the pricing
