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EGB SYNDICATION: Germany 30-year mandate

EGB SYNDICATION

"The FEDERAL REPUBLIC OF GERMANY has mandated Barclays, BofA Securities, Commerzbank, Deutsche Bank, Morgan Stanley and NatWest as joint lead managers for an upcoming syndicated new 30yr benchmark, due 15 August 2056.
The transaction will be launched and priced in the near future, subject to market conditions." From market source

  • This has been on the cards for some time, but we had little conviction over the timing. We expect a similar size transaction to last year (E6bln with E1bln retained).
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"The FEDERAL REPUBLIC OF GERMANY has mandated Barclays, BofA Securities, Commerzbank, Deutsche Bank, Morgan Stanley and NatWest as joint lead managers for an upcoming syndicated new 30yr benchmark, due 15 August 2056.
The transaction will be launched and priced in the near future, subject to market conditions." From market source

  • This has been on the cards for some time, but we had little conviction over the timing. We expect a similar size transaction to last year (E6bln with E1bln retained).