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Dual tranche EUR5bln 10/30-year final terms

EFSF ISSUANCE

Bloomberg are reporting the following final terms for the EFSF dual tranche offering:

  • EUR3bln WNG Jan-31 at MS-11bp. (guidance was for MS-9bp area). Books over EUR39bln (exc JLM interest).
  • EUR2bln Jan-52 at MS+9bp (upsized from E1.5bln; guidance was for MS+11bp area). Books over EUR32bln (exc JLM interest).
  • Bookrunners: Barclays, DB, JPM (B&D).

Note that the EFSF's funding target for Q1-2021 is EUR7.0bln, so there will likely be a further EUR2.0bln transaction later this quarter.

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