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Belgium 20-year: Priced

EGB SYNDICATION
  • Size: E4bln (MNI had expected E5bln)
  • Books closed in excess of E19.3bln (inc E1.625bln JLM interest)
  • Reoffer: 99.990 / 3.451%
  • Spread set earlier at MS+54bps (guidance was MS+55bps area)
  • HR 89% versus 3.25% Jul-42 Bund (DE0001135432) + 91.1bp (ref: 110.643 / 2.540%)
  • Maturity: 22-June-2043
  • Settlement: 24-May-2023
  • Coupon: 3.45%, short first
  • ISIN: BE0000359688
  • Bookrunners: BNPPF, CITI, CACIB(B&D/DM), NOMURA, SG
  • Timing: Priced TOE 14:03BST / FTT immediately
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