September 10, 2024 12:38 GMT
EU-BOND SYNDICATION: Dual-tranche: New Dec-31 / 3.25% Oct-50 Green: Allocations
EU-BOND SYNDICATION
New long 7-year Dec-31
- Spread set at MS+24bps (guidance was: MS+26 bps area)
- Final books in excess of E54bln (inc E4.25bln JLM interest)
- Size confirmed at E5bln in line with initial guidance (MNI expected E5-6bln)
- ISIN: EU000A3L1DJ0
- Maturity: 4 December 2031
- Hedge ratio 110% vs 0% Aug-31 Bund
3.25% Oct-50 Green Tap
- Size confirmed at E5bln (up from initial guidance of E4bln; MNI expected E3-4bln)
- Final books in excess of E77bln (inc E4bln JLM interest)
- Spread set at MS+90bps (guidance was: MS+92 bps area)
- ISIN: EU000A3K4EU0 (Immediately fungible)
- Hedge ratio: 126% vs 0% Aug-50 Green Bund
For both:
- Settlement: 17 September 2024 (T+5)
- JLMs: Citi (DM/B&D) / Deutsche Bank / J.P.Morgan / Societe Générale / UniCredit
- Timing: Hedge deadline 13:55BST / 14:55CET
From market source
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