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Germany hires banks for 30-year syndicated bond sale – lead managers – Reuters

ByINVESTOR

Oct 10, 2022

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Oct 10 (Reuters) – Germany has hired a number of investment banks for a new syndicated 30-year bond sale on Monday, according to memos from two lead managers seen by Reuters.

The bond, due 15 August 2053, will carry a coupon of 1.8% and “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.

Germany hired Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs and JP Morgan for the sale, the memos said.

Reporting by Yoruk Bahceli; Editing by Amanda Cooper

Our Standards: The Thomson Reuters Trust Principles.

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