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EU dual-tranche syndication: Final terms

EUROZONE ISSUANCE
  • 7-year 1.625% Dec-29 EU NGEU tap (ISIN: EU000A3K7MW2)
    • Size set at E5bln
    • Spread set at MS - 21bp (guidance was MS -20bp area)
    • Books in excess of E16.5bln (inc E850mln JLM interest)
  • 20-year new Nov-42 NGEU/MFA (ISIN: EU000A3K4DV0)
    • Size set at E6bln
    • Spread set at MS + 32bp (guidance was MS+34bp area)
    • Books in excess of E27bln (inc E1.85bln JLM interest)
    • E2.0bln of the proceeds will be allocated to the MFA programme with the remainder to NGEU.
  • JLMs: BARC / BOFA / DB / JPM (DM/B&D) / NWM
  • Timing: Books to close at 9:50BST / 10:50CET

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