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EGB SYNDICATION: France new 30-year OAT: Spread set

EGB SYNDICATION
  • Spread set at 3.25% May-55 OAT + 4bp (guidance: was 7bps area then revised to +5bps +/-1 WPIR)
  • Size: EUR Benchmark (MNI expects a E8-10bln size) of the new May-56 OAT
  • Books above E110bln (including E2.84bln JLM interest)
  • 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 tol close at 11:30GMT / 10:30GMT. Pricing later today
Details from market source
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  • Spread set at 3.25% May-55 OAT + 4bp (guidance: was 7bps area then revised to +5bps +/-1 WPIR)
  • Size: EUR Benchmark (MNI expects a E8-10bln size) of the new May-56 OAT
  • Books above E110bln (including E2.84bln JLM interest)
  • 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 tol close at 11:30GMT / 10:30GMT. Pricing later today
Details from market source