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3/30-year EU-bond syndication: Update

EUROZONE ISSUANCE

New Long 3y

  • Maturity: 5 October 2026
  • Spread set at MS-27bps (guidance was MS-25 bps area)
  • Size set at E5bln (in line with MNI expectation)
  • Books in excess of E28bln (inc E2bln JLM interest)
  • ISIN: EU000A3K4D82

Tranche: 3.00% Mar-53 EU-bond tap

  • Maturity: 4 March 2053
  • Spread set at MS+84bps (guidance was MS+86 bps area)
  • Size set at E4bln (larger than the E2.5bln with upside risks we had penciled in)
  • Books in excess of E51bln (inc E1.45bln JLM interest)
  • ISIN: EU000A3K4DY4 (immediately fungible)

For both:

  • Settlement: 16 May 2023 (T+5)
  • JLMs: BNPP / BofA / HSBC / MS (DM/B&D) / UniCredit
  • Timing: Books to close at 10:00BST / 11:00CET
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