Austria’s 70-Year Debt Sale Expands Europe’s Ultra-Long Universe
- Nation sells 2 billion euros of bonds due in 2086 via banks
- Belgium and Ireland sold century bonds earlier this year
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The exclusive club of European countries to have sold debt due in 50 years or more just got bigger.
Austria sold 2 billion euros ($2.2 billion) of bonds due in November 2086 via banks, according to a person familiar with the matter. The sale follows this year’s century bond offerings from Belgium and Ireland, as well as 50-year deals from France, Italy and Spain, as countries take advantage of historically low interest rates to issue ultra-long debt. The 100-year bond sales by Belgium and Ireland were private placements for 100 million euros each.