EGB SYNDICATION: Austria triple-tranche mandate
Jan-17 12:40
- "The REPUBLIC OF AUSTRIA has mandated Barclays, BofA Securities, Citi, Deutsche Bank, J.P. Morgan and Raiffeisen Bank International to lead manage its new Reg S/144a eligible triple-tranche EUR issue consisting of a new 10yr Benchmark maturing 20 February 2034, a tap of the green RAGB 2.9% 23/05/2029 (ISIN AT0000A33SH3) and a tap of the green RAGB 1.85% 23/05/2049 (ISIN AT0000A2Y8G4). The transaction is expected to be launched and priced in the near future, subject to market conditions."
From market source
- We had an Austrian syndication pencilled in for next week, with a risk of this week. MNI pencils in the following sizes:
- E4-6bln for the 10-year new Feb-34 RAGB.
- E1.5-3.0bln for the 5-year 2.90% May-29 Green RAGB (ISIN: AT0000A33SH3)
- E1.00-1.75bln for the 25-year 1.85% May-49 Green RAGB (ISIN: AT0000A2Y8G4)
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SONIA: SONIA FIX - 18/12/23
Dec-18 12:07
- TISONI1M 5.1975 0.0002
- TISONI3M 5.2228 0.0020
- TISONI6M 5.1872 0.0032
- TISONI1Y 4.9193 -0.0031
USD: NOK leads in G10s
Dec-18 12:05
- AUDJPY test the 96.00 figure, with next immediate resistance seen at 96.148, last Monday's high.
- In G10s, NOK is now the best performer versus the Dollar, up 0.53%, helped by the bid in Oil.
- USDNOK is through its lowest level since the beginning of August, now targets 10.4000.
OUTLOOK: Price Signal Summary - Bull Cycle In Bunds Still In Play
Dec-18 11:52
- In the FI space, Bund futures maintain a firmer short-term tone following last week’s gains. The break of resistance at 135.81, the Dec 7 high, confirmed a resumption of the uptrend. This opens 137.58, a 3.00 projection of the Nov of the 13 - 17 - 24 price swing. Key short-term support has been defined at 134.37, the Dec 8 low. A short-term pullback would be considered corrective.
- The current uptrend in Gilt futures remains intact. Last week’s rally reinforces this theme and confirms once again, a resumption of the underlying uptrend. The focus is on 102.09, a 2.236 projection of the Nov 24 - 29 - 30 price swing. Initial firm support lies at 98.97, the Dec 6 high and a recent breakout level. Short-term weakness would be considered corrective.
