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German 30-year: Priced

EGB SYNDICATION
  • Size set earlier: E6bln inc E1bln retained (MNI had expected E3-4bln)
  • Reoffer: 99.196% to offer 2.537%
  • Books closed in excess of E74bln (ex JLM interest)
  • Spread set earlier at 1.80% Aug-53 Bund +4.5bp mid (guidance was +5.5bp area)
  • HR: 111% versus 1.80% Aug-53 Bund (DE0001102614). Ref 85.640
  • Maturity: 15 August 2054
  • Coupon: 2.50%, Ann. ACT/ACT, long first on 15 August 2025
  • Settlement: 6 February 2024 (T+5)
  • ISIN: DE000BU2D004
  • Bookrunners: BNP Paribas, BofA Securities, Citi (DM/B&D), Commerzbank, Credit Agricole CIB and J.P. Morgan
  • Timing: Priced. TOE: 13:07GMT / 14:07CET, FTT immediately
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