Luxembourg on Monday hired banks for a dual-tranche euro fixed-rate bond transaction to be made up of five- and 10-year issues, one of the banks hired as joint lead managers said.
The issue is planned to be launched and priced in the near future, subject to market conditions.
Financially strong Luxembourg makes market forays relatively rarely. Its last issuance took place in November when it raised 1.7 billion euros ($1.85 billion) in November 2026-dated bonds.
The banks hired for the issue are BCEE, BGL BNP Paribas, BIL, Deutsche Bank and Societe Generale.
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