October 14, 2024 08:26 GMT
EGB SYNDICATION: Luxembourg 10-year mandate
EGB SYNDICATION
"The GRAND DUCHY OF LUXEMBOURG has mandated BARCLAYS, BCEE, BGL BNP PARIBAS, BIL and HSBC as Joint Lead Managers for its upcoming new 10-year Euro-denominated senior fixed rate benchmark. The transaction is expected to be launched and priced in the near future, subject to market conditions."
"The issuer will be available for 1-on-1 investor calls upon request today Monday 14th October 2024 between 14:00 and 16:00 CET"
From market source
- MNI expect a transaction tomorrow for the Luxembourg syndication and pencil in a E1.25bln transaction (with upside risks).
- Luxembourg issued a 10-year LGB in February for E1.25bln (from books of E10.6bln).
- The latest update of its funding plans for 2024 (published in March) saw long-term debt issuance of E2.5bln (hence there is E1.25bln remaining).
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