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The Grand Duchy of Luxembourg successfully returned to the EUR government bond capital markets on 2 July, 2013, with a new EUR 2 billion institutional benchmark transaction, maturing on 10 July 2023 and paying a coupon of 2.125%. With this transaction, the Grand Duchy establishes a new liquid point in the 10 year maturity, paying its lowest coupon ever.
This issue is the first time the Grand Duchy of Luxembourg has made a second outing in the capital markets in the same year, highlighting its recognition as a top-quality issuer. Investor perception towards the Grand Duchy has improved due to the very low budget deficit and an improving economy. Joint bookrunners on this transaction were BCEE, BGL BNP Paribas, BIL, Deutsche Bank and HSBC.
The new 10...
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