Austria Pays Premium to France on 4 Billion-Euro Bond
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Austria issued 4 billion euros ($5.2 billion) of bonds maturing April 2022 with the nation paying the highest borrowing costs among top-rated euro nations.
The notes were priced to yield 23 basis points more than the benchmark mid-swap rate, or 52.2 basis points over similar-maturity German government debt. Austria’s shorter-dated, existing benchmark 10-year bond pays 48 basis points more than bunds, with France, the next highest AAA ranked country, at 37 basis points, Bloomberg data show.