February 12, 2025 10:00 GMT
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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