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EGB SYNDICATION: New 30-year Oct-54 BTP: Launched

EGB SYNDICATION
  • Spread set earlier at 4.50% Oct-53 BTP + 13bps (guidance was + 15bps area)
  • Size: E8bln (MNI had originally expected E5bln, but noted risks of up to E8bln due to book size in the last update)
  • Books in excess of E130bln (inc E3.7bln JLM interest)
  • Settlement: 17 Sept 2024 (T+5)
  • Maturity: 01 Oct 2054
  • Coupon: Fixed, S/A ACT/ACT (short first coupon on 01 Oct 2024 accruing from 17 Sept 2024)
  • ISIN: IT0005611741
  • Bookrunners:   BARC / BofA / BNPP / Citi (DM/B&D) / SG
  • Timing: Books closed at 10:15BST / 11:15CET, pricing later today
From market source
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  • Spread set earlier at 4.50% Oct-53 BTP + 13bps (guidance was + 15bps area)
  • Size: E8bln (MNI had originally expected E5bln, but noted risks of up to E8bln due to book size in the last update)
  • Books in excess of E130bln (inc E3.7bln JLM interest)
  • Settlement: 17 Sept 2024 (T+5)
  • Maturity: 01 Oct 2054
  • Coupon: Fixed, S/A ACT/ACT (short first coupon on 01 Oct 2024 accruing from 17 Sept 2024)
  • ISIN: IT0005611741
  • Bookrunners:   BARC / BofA / BNPP / Citi (DM/B&D) / SG
  • Timing: Books closed at 10:15BST / 11:15CET, pricing later today
From market source