Austria raises 2.3 billion euros from the proceeds of issuing government bonds
Vienna, April 8 / WAM / Austria raised 2.3 billion euros through the issuance of two bonds. The Austrian Federal Finance Agency said that the government raised the yield on the standard 10-year bond, and offered another bond for a period of seven years, which has four years remaining until the maturity date, and confirmed that demand for local bonds remained higher than average, despite international market fluctuations due to current conditions.
Data from the latest auction showed a rise in returns on Austrian bonds, as the issuance yield for four-year bonds reached 2.854%, while the standard 10-year bond recorded a return of 3.279%, high compared to the auction last March, in which the standard bond recorded a return of 3.097%.
A spokesman for the Federal Finance Agency confirmed that Austria “is still considered a safe haven,” pointing to the special interest shown by investors in medium-term bonds. He explained that subscription requests for ten-year bonds exceeded three times the supply, while the coverage ratio for four-year bonds reached 2.48 times, which reflects the strong demand for government bonds.
Mq/Z
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