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EU-bond syndication: 2.50% Oct-52: Priced

EUROZONE ISSUANCE
  • Spread set earlier at MS+66bp
  • Original guidance: MS+69bps area revised to MS+67bp (+/-1bp WPIR)
  • Tap Size: E4bln WNG (Set earlier)
  • Reoffer: 83.131 to yield 3.422%
  • Books closed above E73bln (inc E3bln JLM interest)
  • Hedge ratio: 119% vs 0% Aug-52 Bund +86.8bp, ref 48.022
  • Settlement: 18 July 2023 (T+5)
  • ISIN: EU000A3K4DT4 (immediately fungible)
  • JLMs: Barclays (DM/B&D), BNPP, Citi, LBBW, NWM
  • Timing: TOE 13:52BST / 14:52CET, FTT immediately
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