The Republic of Austria has increased three existing bonds with different conditions – with a total of seven billion euros. Interest was the second highest in the history of Austria, said Markus Stix, director of the Federal Financing Agency (Oebfa).
The efficiency of the bonds was between 2,293 and 3.427 percent. About 400 investors would have participated, Stix said. For the first time, a country of the eurozone has increased three bonds at the same time. “We hit the low point.” Because of this he said that the time planning was very good. In the past, the return that the costs for the Republic would have been considerably higher.
This had, for example, the announcements of US President Donald Trump, who would have changed quickly. The placement was brought over the stage before he opened the American markets. If the books were closed only an hour later, Trump’s current statements would have raised the interest costs of Austria by 30 million euros, Stix said. The question was high, the volume that was placed about ten times, the federal financing agency said Wednesday evening.
According to him, it is important for investors that there is a clear path for debts and that a country is better off compared to others. How much money that Austria has to register this year will finally be decided in May.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
