Demand for long-dated sovereign bonds led Greece to increase the size of its first 30-year bond on Wednesday, while the Dutch debt agency said it was considering issuing a bond with the same maturity.

Following last week’s sale of a 50-year bond by France, Greece sold €5bn of long-dated bonds, at the top end of the €3bn-€5bn indicative range. The bond, which has a maturity of January 2037, was priced at a yield premium of 26 basis points above the 4 per cent 2037 German government bond, in the middle of the 25bp-27bp guidance. BNP Paribas, Citigroup, Deutsche Bank, Morgan Stanley and the National Bank of Greece managed the sale.

The Dutch state treasury agency said it was considering issuing a bond with a maturity slightly longer than 30 years. The agency said it had hired three banks to examine whether investors wanted a 10-year or a 30-year bond.

The bond will be sold through a direct auction in the second half of March or April. If it issues a 30-year bond, a new 10-year would be launched “a few months later”, the agency said.

Supply in the corporate bond market was picking up, and ThyssenKrupp, the German steelmaker, attracted orders worth more than €1.75bn for its first bond sale since Standard & Poor’s upgraded the company to investment-grade status three weeks ago.

The company was expected to sell €750m of bonds with a 10-year maturity at a yield spread of 55bp above the mid-swap rate, at the tight end of the 55bp-58bp guidance.

S&P upgraded ThyssenKrupp to BBB- on February 10. Fitch rates the company BBB+ and Moody’s has assigned a Baa2 rating.

ThyssenKrupp said it wanted to “lock in currently attractive long-term funding and extend its debt maturity profile”. ABN Amro, Commerzbank and WestLB are managing the sale, which will be completed on Thursday.

Textron, the US industrial conglomerate, sold €300m of eight-year bonds at 31bp above the mid-swap rate, to refinance its existing euro deal that matures this month. The order book grew beyond €600m.

“The market har been starved of supply, so we see a lot more demand for these smaller-sized deals,” said Frazer Ross at Deutsche Bank, which managed the sale with JPMorgan.

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