Finland Sells EUR3 Billion via April 2036 Bond Launch -- Update

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02/04/2020 | 04:18 pm


(Adds coupon, price and yield)





By Emese Bartha





Finland sold 3 billion euros ($3.32 billion) via the launch of a new April 2036-dated benchmark bond through a syndicate of banks on Tuesday, said one of the lead manager banks.



The spread on the coupon was set 11 basis points below mid-swaps, said one of the lead managers. The bond has a 0.125% coupon, and it was priced at 99.712, at a yield of 0.143%, said the same bank. Final books were in excess of EUR21 billion.



The joint book runner banks of the transaction were BofA Securities, Citi, Danske Bank, J.P.Morgan and Nordea.





Write to Emese Bartha at emese.bartha@wsj.com





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