January 09, 2025 14:55 GMT
EGB SYNDICATION: Portugal 10-year: Priced
EGB SYNDICATION
- Reoffer: 99.360 to yield 3.074%
- Issue size set earlier: E4bln (MNI expected E3-4bln)
- Books closed in excess of E25bln (inc E1.32bln JLM interest)
- Spread set earlier at MS+55bp (guidance was MS+57bps area)
- HR 104% vs 2.60% Aug-34 Bund (spot ref 99.591 / 2.546%) and 100% vs 2.50% Feb-35 Bund
- Maturity: 15-June-2035
- Settlement: 16-Jan-2025 (T+5)
- Coupon: 3.00% Fixed, Annual ACT/ACT, short First Coupon
- ISIN: PTOTEAOE0005
- Bookrunners: BBVA/BNPP/CAIXABI/CACIB/J.P.MORGAN(DM & B&D)/MS
- Timing: TOE 14:36GMT / 15:36CET. FTT immediately
From market source
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