September 10, 2024 10:14 GMT
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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