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EU dual-tranche syndication guidance

EUROZONE ISSUANCE
  • E11bln WNG total size (split between the two tranches).
  • 7-year 1.625% Dec-29 EU NGEU tap (ISIN: EU000A3K7MW2)
    • Guidance MS -20bp area
  • 20-year new Nov-42 NGEU/MFA (ISIN: EU000A3K4DV0)
    • Guidance MS+34bp area
    • E2.0bln of the proceeds will be allocated to the MFA programme with the remainder to NGEU.

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