January 20, 2025 10:27 GMT
EGB SYNDICATION: France: 15-year OAT Mandate
EGB SYNDICATION
"The REPUBLIC OF FRANCE has mandated BNP PARIBAS, CREDIT AGRICOLE CIB, HSBC, MORGAN STANLEY and SOCIETE GENERALE to act as Joint Lead Managers on an upcoming new long 15 year OAT benchmark, due 25 May 2042. The transaction will be launched by syndication in the near future, subject to market conditions."
From market source
- MNI had pencilled in a French syndication for next week (rather than this week due to the MT/IL auction on Thursday). We had thought that May 2042 was the most likely 15-20 year OAT that would be sold and pencil in a E5-7bln transaction size. We now expect the transaction to take place tomorrow.
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