March 10, 2025 10:54 GMT
EU-BOND SYNDICATION: New 10-year mandate
EU-BOND SYNDICATION
- "The EU has mandated BofA Securities, Credit Agricole CIB, DZ BANK, Goldman Sachs Bank Europe SE and Santander as Joint Lead Managers for its upcoming EUR Fixed Rate RegS Bearer new 10-year benchmark due 12th December 2035. There will be a co-lead group comprised of Commerzbank, Danske, Intesa, KBC, MPS, UBS. The transaction will be launched tomorrow, subject to market conditions. "
- Note that the last 10-year EU-bond launch at syndication (Feb 2024) saw E7bln sold. We see upside risks to this and pencil in E7-10bln (although think it's likely we see the bottom half of this range).
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