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Free Access/IRELAND (DEAL RE-CAP):...........>
EUROZONE ISSUANCE: /IRELAND (DEAL RE-CAP): ***Ireland priced E4bln syndicated
new 5-year benchmark at MS-24bps earlier Wednesday, equating to 29.7bps vs
OBL176.
- Reoffer price 100.04, yield -0.008%, coupon is 0.00%.
- The NTMA confirmed a total order book of over E10bln, included 97 individual
accounts.
- INVESTOR BREAKDOWN: Asset managers (36%), banks and intermediaries (35%),
hedge funds (17%), official institutions (9%), insurers (3%).
- GEOGRAPHICAL BREAKDOWN: Overseas investors took over 85%, including the U.K.
(26%), France (17%), US (13%), Germany/Austria/Switzerland (11%) other Europe
(11%), Nordics (7%), Other (1%). Ireland took 14%.
- The syndication is linked to the planned early repayment of loans from the
IMF, Sweden and Denmark, confirmed the NTMA.
- LEADS: BNPP, Citi, Davy, GSIB, NatWest Markets, SGCIB
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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.