FRANKFURT (MNI) – The German federal government called for bids
Tuesday on its E5 billion top-up of the 3.00%-coupon July 2020, 10-year
bund, the Bundesbank announced Tuesday.
Bids for the top-up are due by 09:00 GMT Wednesday, July 7, with
results of the allocation to be announced shortly thereafter. The top-up
tranche will settle on Friday, July 9.
Given the E17 billion of the 10-year bond already issued, the
top-up will bring total volume outstanding to E22 billion for the
security, which matures on July 4, 2020 and is strippable.
–Frankfurt bureau. Tel: +49-69-720-142. Email: frankfurt@marketnews.com
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