January 28, 2025 16:22 GMT
EGB SYNDICATION: Austria dual-tranche: Priced
EGB SYNDICATION
New 10-year Feb-35 RAGB
- Reoffer price 99.596 to yield 2.997%.
- Spread set earlier at MS+48bps (guidance was MS+51bps area)
- Size: E5bln inc E250mln retained (MNI expected E4.5-5.0bln including E250-500mln retention)
- Books closed in excess of E35bln (inc E3.15bln JLM interest)
- HR 98% vs 2.50% Feb-35 Bund +43.7bps (ref: 99.470 / 2.560%)
- Maturity: 20 February 2035
- Coupon: 2.95% Long first
- ISIN: AT0000A3HU25
1.85% May-49 Green RAGB tap
- Reoffer price 77.575 to yield 3.19%
- Spread set at MS+78bps (guidance was MS+80bps area)
- Size: E1.5bln inc E250mln retained (MNI expects E1.0-2.0bln)
- Books closed in excess of E15bln (inc E800mln JLM interest)
- HR 100% vs 1.25% Aug-48 Bund+43.0bps (ref: 74.110 / 2.760%)
- ISIN: AT0000A2Y8G4
For both:
- JLMs: BofA Securities, Deutsche Bank, Erste Group, J.P. Morgan, Morgan Stanley and Raiffeisen Bank International
- Timing: TOE 14:37GMT / 15:37CET. FTT immediately
From market source / Bloomberg
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