Austria Hires Banks to Sell New Green Bond
Austria hired banks on Monday to sell a new six-year green bond and a regular 30-year bond, according to memos from two lead managers seen by Reuters.
The green bond will raise 3 billion euros and matures on May 23, 2029, while the 30-year bond, which will be benchmarked in size, will mature on October 20, 2053, according to the memos.
The bond sales will be "launched and priced in the near future, subject to market conditions," the memos said, a phrase debt management offices usually use a day before a sale.
The memos said Austria hired Barclays, BofA, Deutsche Bank, Erste Group, JPMorgan, and Morgan Stanley for the sale.