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EU: E12bln 15Y Green NGEU Mandate Announced

EUROZONE ISSUANCE

EU announces mandate for E12bln no-grow 15Y Green NGEU bond, to be launched Tuesday "subject to market conditions".

  • JLMs: BofA Securities, Credit Agricole CIB, Deutsche Bank, Nomura and TD Securities. Co-Lead Managers: Danske Bank, Intesa, and Santander. Source: Bloomberg.
  • This is in line with MNI's expectation for E10-15bln transaction size and either 15- or 25-year maturity. We expect demand to be very strong.

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