Free Trial

France OATei syndication

EGB SYNDICATION
  • "The REPUBLIC OF FRANCE has mandated BNP PARIBAS, CITI, CREDIT AGRICOLE CIB, HSBC, J.P. MORGAN and MORGAN STANLEY to act as Joint Lead Managers on an upcoming new long-dated OAT€i benchmark, linked to the European harmonised index of consumer prices (excluding tobacco) and due 25th July 2043. The transaction will be launched by syndication in the near future, subject to market conditions."
  • Note that we had this pencilled in for May. We wrote last week: "We look for a new French 20-year OATei in Q2. We pencil this in for May given that the second syndication of the year was brought forward into February (with 25-year Green and 30-year OATs having already been issued this year so far)."
  • We pencil in a E3.0-4.5bln transaction size tomorrow.
124 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • "The REPUBLIC OF FRANCE has mandated BNP PARIBAS, CITI, CREDIT AGRICOLE CIB, HSBC, J.P. MORGAN and MORGAN STANLEY to act as Joint Lead Managers on an upcoming new long-dated OAT€i benchmark, linked to the European harmonised index of consumer prices (excluding tobacco) and due 25th July 2043. The transaction will be launched by syndication in the near future, subject to market conditions."
  • Note that we had this pencilled in for May. We wrote last week: "We look for a new French 20-year OATei in Q2. We pencil this in for May given that the second syndication of the year was brought forward into February (with 25-year Green and 30-year OATs having already been issued this year so far)."
  • We pencil in a E3.0-4.5bln transaction size tomorrow.