Free Trial

EGB SYNDICATION: New 30-year Oct-54 BTP: Spread set

EGB SYNDICATION
  • Spread set at 4.50% Oct-53 BTP + 13bps (guidance was + 15bps area)
  • Size: EUR Benchmark (MNI had expected E5bln, but risks of up to E8bln due to book size)
  • Books in excess of E108bln (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)
  • Bookrunners:   BARC / BofA / BNPP / Citi (DM/B&D) / SG
  • Timing: Books to close at 10:15BST / 11:15CET
From market source

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.