Bond re-opening with 4 pct yield completes debt strategy for year

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Bond re-opening with 4 pct yield completes debt strategy for year

Economy 22/06/2023 - 10:35 Tags: Debt, Markets

The PDMA took another cautious step on Wednesday by completing the debt strategy for the year with a small re-opening of the issuance that matures in January 2042, also rounding up the re-opening schedule for the second quarter.

The transaction drew 1.23 billion euros, being oversubscribed by more than 6 times, fetching a yield of 3.99 pct, compared to a coupon of 4.2 pct in the original issue.

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