Austria issues additional 2030 government bonds, subscription ratio falls

(1) The Austrian national financing agency on Tuesday reopened government bonds maturing on October 20, 2030, with a competitive allotment size of 700 million euros. (2) The total size of this reopening is 805 million euros, of which the Republic of Austria itself allotted 105 million euros. (3) The average yield is 3.203%, higher than the previous auction’s 3.169%. (4) The bid-to-cover ratio is 2.564, lower than the previous 3.082. (5) The tail is 0.014 percentage points, compared to the previous 0.003 percentage points. (6) The average price is 100.901%, and the highest allotted yield is 3.217%. (7) The total amount of competitive bids is 1.795 billion euros, lower than the previous 2.003 billion euros. (8) After the reopening, the outstanding size of this bond is 16.377 billion euros.