Austria hires banks to sell 4-year and 50-year bonds - lead manager

A number of sovereign issuers have sold 50-year bonds recently

  

LONDON- Austria has hired banks to sell four-year and 50-year bonds, according to a lead manager note seen by Reuters on Monday.

BofA, Deutsche Bank, J.P. Morgan, Morgan Stanley, NatWest Markets and UniCredit are the banks hired to sell the new bonds expected to be "launched and priced in the near future, subject to market conditions," the note said, a phrase debt management offices usually use a day before a sale.

A number of sovereign issuers have sold 50-year bonds recently as governments look to lock in low rates as world bond yields move higher on reflation expectations.

(Reporting by Dhara Ranasinghe; editing by Yoruk Bahceli) ((Dhara.Ranasinghe@thomsonreuters.com; +442075422684;))

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