Germany Issues 3.5 Billion Euros in Syndicated Tap of August 2056 Bund

By Emese Bartha

Germany issued 3.5 billion euros ($4.09 billion) in the syndicated tap of the 2.90% August 2056-dated Bund on Wednesday, said one of the lead manager banks.

The issue size doesn't contain any retention.

The spread on the tap was set at 0.75 basis points above the mid-yield of the 2.50% August 2054 Bund.

The new tranche was issued at a price of 88.301, at a yield of 3.53464%, the same bank said.

Lead managers of the transaction were Bank of America, Commerzbank, Goldman Sachs Bank Europe, J.P.Morgan, Morgan Stanley and Nomura.

Write to Emese Bartha at [e-mail]

(END) Dow Jones Newswires

05-06-26 0812ET