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7Y NGEU Mandate For Syndication Tomorrow

EUROZONE ISSUANCE

The EU has mandated Barclays, Credit Agricole CIB, J.P. Morgan, Morgan Stanley and Santander as JLMs for upcoming E8bln no-grow NGEU dual-tranche, per Bloomberg:

  • New 7Y benchmark (Dec-29)
  • Tap of 0.45% Jul-41
  • Transaction to be launched tomorrow, subject to market conditions
  • Note the size is in line with MNI's expectations (as noted in our EGB Issuance week ahead).

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