May 28, 2024 11:09 GMT
EGB SYNDICATION: Spain New 10-year Obli: Mandate
EGB SYNDICATION
The new 10-year Obli mandate is line with MNI's expectations. We look for a E10-15bln transaction size.
"The KINGDOM OF SPAIN, rated A/A-/Baa1/A/A- (stab/stab/pos/stab/stab) (S&P/Fitch/Moody's/DBRS/Scope), has mandated BBVA, Deutsche Bank, HSBC, J.P. Morgan, Morgan Stanley, and Santander for a new Obligacion del Estado syndicated 10-year Euro benchmark maturing on 31st October 2034. 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".
Details as per Bloomberg.
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