MNI BOE WATCH: Narrow Path To Aug Cut, Wary Messaging Likely

MNI China Daily Summary: Tuesday, July 30

MNI BRIEF: China To Step Up Macroeconomic Policies - Politburo

MNI CNB WATCH: Fine-Tuning Set To Start, But 50Bps 'In Play'

MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

MNI: US CONF BOARD CONSUMER CONFIDENCE 100.3 IN JUL V JUN 97.8

MNI: US BLS: JOLTS QUITS RATE 2.1% IN MAY

MNI: US BLS: JOLTS OPENINGS RATE 8.184M IN MAY

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Ireland 20y preview (Apr-41 IGB)

EGB SYNDICATION
  • Yesterday, Ireland released a mandate to launch a new 20-year IGB via syndication with the transaction to take place in the "near future."
  • We expect the transaction to take place today and note that the bond will have a maturity of 22 April 2041.
  • This will be the second syndication of the year for Ireland following the 10-year sale on 5 January which saw E5.5bln sold from books of E40bln.
  • Last year, before the pandemic, was the last time Ireland held a syndication for an issue in excess of 10-years on 8 January 2020 when a 15-year issue was launched for E4bln with books of E20bln.
  • We would expect today's syndication to raise in the region of E4-5bln.
  • Joint lead managers: Barclays, BNP Paribas, Cantor Fitzgerald Ireland, Danske Bank, J.P. Morgan and Nomura.
  • Timing: The January 2021 transaction saw books open at 7:55 (2020 range: 7:50-8:20) with an update provided at 9:30 (9:10-9:45). The spread was then set at 10:20 (9:45-10:45) before books were closed at 10:45 (11:00-11:15). Final terms were released at 12:30 before pricing at 15:02 (14:36-16:16). All times are local and UK.
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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.