June 10, 2020 / 7:17 AM / 2 months ago

Germany starts selling Aug 2050 bond reopening via syndication - lead managers

LONDON, June 10 (Reuters) - Germany started selling a tap of its bond due August 2050 via a syndicate of banks on Wednesday, according to memos from two lead managers seen by Reuters.

Price guidance is around 4.5 basis points over the country’s outstanding Aug 2048 bond.

Pricing is expected later on Wednesday. BNP Paribas, Danske Bank, Deutsche Bank, Goldman Sachs and JP Morgan are arranging the sale. (Reporting by Yoruk Bahceli, editing by Maiya Keidan)

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