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EFSF ISSUANCE: Dual-tranche syndication: New 3-year / 7-year tap: Spread set

EFSF ISSUANCE

New Dec-27:

  • Spread set at MS+4bps (Guidance was MS+5bps)
  • Size: Benchmark
  • Books in excess of E5.2bln (inc E350mln JLM interest)
  • ISIN: EU000A2SCAQ2

2.875% May-31 tap:

  • Spread set at MS+19bps (Guidance was MS+20bps)
  • Books in excess of E4.6bln (inc E150mln JLM interest)
  • Size: Benchmark
  • ISIN: EU000A2SCAP4 (immediately fungible)

For both:

  • Settlement: 03 September 2024 (T+5)
  • Bookrunners: Barclays (DM/B&D) / NatWest Markets / TD Securities
  • Timing: Books to close on both tranches at 11:30BST / 12:30CET

From market source

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