By Emese Bartha


Germany issued 4.5 billion euros ($4.88 billion) in the syndicated tap of the 2.50% August 2054 Bund on Tuesday, including EUR500 million issuer retention, one of the lead manager banks said.

The spread on the bond was set 0.75 basis points above the mid-yield of the 1.80% August 2053 Bund, the same bank said.

Orderbooks closed above EUR46 billion, including EUR1.6 billion joint lead manager interest, it said.

The joint lead managers of the transaction are Deutsche Bank, Goldman Sachs Bank Europe SE, HSBC, Morgan Stanley and Nomura.


Write to Emese Bartha at emese.bartha@wsj.com


(END) Dow Jones Newswires

03-05-24 0628ET