September 23, 2024 11:18 GMT
EGB SYNDICATION: Spain 12-year linker mandate
EGB SYNDICATION
"The Kingdom of Spain has mandated Citi, Credit Agricole CIB, Goldman Sachs Bank Europe SE, Morgan Stanley, Santander and Societe Generale for a new Obligacion del Estado syndicated linker Euro benchmark maturing on 30th November 2036 linked to Euro HICP ex tobacco. The transaction will be launched in the near future subject to market conditions. All remaining primary dealers in the Kingdom of Spain government bond market will be invited into the syndicate."
From market source.
- MNI expects a E3-5bln transaction to take place tomorrow.
- Note that we had expected a Spanish syndication this week in the MNI EGB Issuance, Redmeption and Cash Flow Matrix.
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