January 06, 2025 11:48 GMT
EGB SYNDICATION: New 10-Year OLO: Mandate
EGB SYNDICATION
"The Kingdom of Belgium (rated Aa3/AA/AA-; outlook negative/stable/negative) intends to issue a new EURO syndicated benchmark bond maturing 22 June 2035 (OLO 103) in the near future, subject to market conditions."
- "The Kingdom has mandated BNP Paribas Fortis, Crédit Agricole CIB, HSBC, J.P. Morgan and Morgan Stanley as joint bookrunners" (all details as per Bloomberg)
- We had pencilled in a 10-year Belgium syndication in our EGB Issuance, Redemption and Cash Flow Matrix publication for this week, with a size estimate of E7.0bln in line with what we have seen in the past two years with some upside risk.
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