Free Trial

10-year Sep-34 RFGB mandate

EGB SYNDICATION

"The Republic of Finland has mandated Citi, Credit Agricole CIB, J.P. Morgan, Nomura and Nordea to lead manage its forthcoming long 10-year EUR Benchmark transaction. The transaction will have a 15 September 2034 maturity and is expected to be launched in the near future subject to market conditions."

From market source

  • We wrote on Friday that we thought a Finnish syndication was upcoming, given that a formerly 10-year RFGB matured on 15 April and Finland avoided the 10-15 year area of the curve in its 16 April auction. Finland's guidance for Q2 stated that it looked to sell a 10-15 year RFGB via syndication, so a long 10-year maturity is not a surprise.
  • We look for a transaction size of E3bln (possibly upsized to E4bln, but unlikely).

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.