Austria Makes History With First 100-Year Bond Sale Into Public Euro Markets
Austria, a country which itself is less than 100 years old, made European history today when it launched a 100-year government bond: the first such deal to be sold into eurozone public markets. While Austria is not the first nation to sell 100 year bonds - last year Ireland and Belgium both sold privately-placed century-long bonds - while Austria itself sold a 70 year bond, Austria’s planned 100-year bond is unique in that it would be the first such debt sold directly into public markets in the eurozone according to the WSJ.