September 24, 2024 13:24 GMT
EGB SYNDICATION: Spain 12-year ObliEi: Allocations out
EGB SYNDICATION
- Size set at E4bln (the middle of the E3-5bln range MNI had expected)
- Books closed in excess of E51bln (inc E4.7bln JLM interest)
- Spread set earlier at 0.70% Nov-33 ObliEi RY + 22bps
- HR 108%
- Guidance was 0.70% Nov-33 ObliEi RY + 25bps area then +23bps +/-1bp WPIR
- Maturity: 30-Nov-2036
- Settlement: 01-Oct-2024 (T+5)
- Coupon: Fixed, annual ACT/ACT, full first on 30-Nov-2024
- ISIN: ES0000012O18
- Bookrunners: CITI / CACIB / GSBE / MS (B&D/DM) / SANTAN / SGCIB
- Timing: Hedge deadline 14:45BST / 15:45CET. Pricing shortly after.
From market source
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