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EGB SYNDICATION: France new 30-year OAT: Guidance

EGB SYNDICATION
  • EUR Benchmark (MNI expects a E8-10bln size) of the new May-56 OAT
  • Guidance: FRTR 3.25% 25/05/55 (MID) + 7bps area
  • Issuer: Republic of France
  • Ratings: Aa3 (Moody’s Stable)/AA- (S&P Stable)/AA- (Fitch Negative)/AAh (DBRS Stable)
  • Format: OAT (in dematerialised book entry form), RegS Cat 1, 144A eligible, CACs
  • Maturity: 25 May 2056
  • Settlement: 19 February 2025 (T+5)
  • Coupon: Fixed, annual ACT/ACT, payable each 25 May. Full first coupon on 25 May 2025
  • Bookrunners: BNPP (DM and B&D) / Citi / DB / JPM / SG
  • Timing: Books open, today's business
Details from market source
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  • EUR Benchmark (MNI expects a E8-10bln size) of the new May-56 OAT
  • Guidance: FRTR 3.25% 25/05/55 (MID) + 7bps area
  • Issuer: Republic of France
  • Ratings: Aa3 (Moody’s Stable)/AA- (S&P Stable)/AA- (Fitch Negative)/AAh (DBRS Stable)
  • Format: OAT (in dematerialised book entry form), RegS Cat 1, 144A eligible, CACs
  • Maturity: 25 May 2056
  • Settlement: 19 February 2025 (T+5)
  • Coupon: Fixed, annual ACT/ACT, payable each 25 May. Full first coupon on 25 May 2025
  • Bookrunners: BNPP (DM and B&D) / Citi / DB / JPM / SG
  • Timing: Books open, today's business
Details from market source