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30-year Jun-54 GGB: Priced

EGB SYNDICATION
  • Size: E3bln (larger than the E1.5-2.5bln MNI expected)
  • Reoffer: 98.057 to yield 4.241%
  • Books closed in excess of E33bln (inc E1.8bln JLM interest)
  • Spread set at MS+165bp
  • Guidance was MS+175bp area then revised to MS+170bp +/-5bps (WPIR)
  • Benchmark: 2.50% Aug-54 Bund + 151.8bp
  • Coupon: 4.125% annual, act/act, short first
  • Maturity: 15 June, 2054
  • Settlement: May 2, 2024
  • ISIN: GR0138018842
  • Bookrunners: BNPP, BofA, DB (B&D), GS, JPM, PIRAEU
  • Timing: Allocations and pricing later today
From market source / Bloomberg

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