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3/15-year syndication: Update

EFSF ISSUANCE

3-year 2.75% Aug-26 tap:

  • Tranche Size: EUR Benchmark
  • Books in excess of E2bln (inc E400mln JLM interest)
  • Spread set at MS-20 bps (in line with initial guidance)
  • ISIN: EU000A2SCAF5 (immediately fungible)
New 15-year Aug-38:
  • Tranche Size: E2bln WNG
  • Books in excess of E5.9bln (inc E480mln JLM interest)
  • Spread set at MS+28bp (guidance wasMS+30 bps area)
  • Coupon: TBC, ACT/ACT ICMA
  • Maturity: 30 August 2038
  • ISIN: EU000A2SCAK5

For both:

  • Bookrunners: Commerzbank, HSBC, Nomura (B&D/DM)
  • Settlement: 30 August 2023 (T+5)
  • Timing: Books to close at 10:45BST / 11:45CET
From market source

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