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Benchmark issue

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Benchmark issue
Also called on-the-run or current-coupon issue or bellwether issue. In the secondary market, the benchmark issue is the most recently auctioned Treasury issues for each maturity.

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20% interest in Bank of Attica to the Postal Savings Bank; bookrunner in Portugal Telecom's EUR 550 million convertible bond issue as well as PT's EUR 600 million straight bond offering; and joint-bookrunner in the Hellenic Republic's EUR 5 billion ten-year bond issue, Greece's largest and most recent benchmark issue.
Treasury, Fannie Mae will announce bullet Benchmark issues one week prior to the pricing date.
The transaction is the first emerging market benchmark issue of $1 billion or more since the international debt crisis this summer, and the first Latin American issue at $1 billion or more since May.
 
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