Austria to entice investors with 'bund proxy'

The Republic of Austria is trying to lure European investors into buying its government bonds by issuing securities modelled on the 10-year German bund, a benchmark for euro-zone debt markets.

Austria has mandated ABN Amro, Deutsche Bank, HypoVereinsbank and UBS Warburg to manage the sale of €3.3bn ($3.1bn) worth of 10-year securities.

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