February 11, 2025 10:56 GMT
EGB SYNDICATION: France 30-year mandate
EGB SYNDICATION
- "The REPUBLIC OF FRANCE has mandated BNP Paribas, Citi, Deutsche Bank, J.P. Morgan and Societe Generale to act as Joint Lead Managers on an upcoming new 30 year OAT benchmark, due 25 May 2056. The transaction will be launched by syndication in the near future, subject to market conditions."
From market source - We had noted that we thought this 30-year OAT syndication would come in the W/C 24 February, but there was a big risk it could come as soon as this week.
- We pencil in a E8-10bln transaction size, with the transaction likely tomorrow.
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