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0.50% Jul-32 DSL: Preliminary initial spread guidance

EGB SYNDICATION
  • The DSTA has announced that the preliminary initial spread guidance on the new 10-year 0.50% Jul-32 DSL has been set at the 0% Feb-32 Bund + 24-28bps
  • The target size is E4-6bln (MNI expects at the top of the range) while books will open tomorrow at 9:00GMT / 10:00CET with the spread set no later than 14:00GMT / 15:00CET (although based on past DDAs, its likely to be much earlier).

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