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EU-bond 3/20-year syndication: Priced

EUROZONE ISSUANCE

3 year 2.75% Oct-26 Tap:

  • Spread set earlier at MS-11bps (guidance was MS-9bps area)
  • Reoffer: 98.292 to yield 3.364%
  • Benchmark: 0% Oct-26 Bobl + 54.9bp (ref 92.03, HR 103%)
  • Size set earlier at E3bln (originally E2bln expected).
  • Books are in excess of E26bln (inc E2.3bln JLM)
  • ISIN: EU000A3K4D82
  • TOE: 13:44BST
20-year New 4.00% Apr-44:
  • Spread set earlier at MS+67bps (guidance was MS+69bps area)
  • Reoffer: 99.785 to yield 4.017%
  • Benchmark: 2.50% Jul-44 Bund + 96.7bp (ref 91.64, HR 96%)
  • Maturity: 4 April 2044
  • Coupon: 4.00%
  • Books are in excess of E31bln (inc E1.6bln JLM)
  • Size set earlier at E4bln WNG
  • ISIN: EU000A3K4EL9
  • TOE: 13:42BST
For both:
  • Settlement: 17th October 2023 (T+5)
  • JLMs: Commerzbank/DB(B&D/DM)/Goldman Sachs Bank Europe SE/J.P. Morgan/Societe Generale
  • Timing: FTT immediately

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