Commenting on the transaction, Antoine Imbert, Primary Dealership Manager, NatWest, said: “We’re delighted to have supported the Austrian Treasury with this record setting dual tranche transaction. While this is a very busy period for sovereign issuances, the Austrian offer stood out, with investors rushing to invest in the ‘safe haven Austria’, which is underpinned by its very strong credit credentials.”
Markus Stix, Managing Director of the Austrian Treasury, noted: “This successful issue is part of Austria’s barbell strategy and contributes further to Austria’s already high debt sustainability. We are very pleased that our issue was met with such strong demand despite the deeply negative interest rate.”
The information provided in this article has been prepared by National Westminster Bank Plc (NatWest) for information purposes only and is subject to change from time to time. The information and views expressed should not be treated as advice or a recommendation of any kind. NatWest makes no representation, warranty, undertaking or assurance of any kind (express or implied) with respect to the adequacy, accuracy, completeness or reasonableness of the information provided and disclaims all liability for any use you, your affiliates, connected companies, employees, or your advisers make of it. NatWest accepts no liability whatsoever for any direct, indirect or consequential losses (in contract, tort or otherwise) arising from the use of this material or reliance on the information contained herein. However, this shall not restrict, exclude or limit any duty or liability to any person under any applicable laws or regulations of any jurisdiction which may not be lawfully disclaimed.
Copyright 2021 © NatWest Bank Plc. All rights reserved