MNI China Daily Summary: Monday, March 3

MNI BRIEF: No Surprises For ECB As Inflation Slows In February

MNI: UK FINAL FEB MANUF PMI 46.9 (FLASH: 46.4); JAN 48.3

MNI: China CFETS Yuan Index Up 0.27% In Week of Feb 28

MNI: PBOC Net Drains CNY195.5 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1745 Mon; -1.16% Y/Y

MNI: EUROZONE FEB FLASH HICP +2.4% Y/Y

MNI: UK BOE JAN MORTGAGE APPROVALS 66,189

MNI: UK JAN M4 MONEY SUPPLY +1.3% M/M, +4.1% Y/Y

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EGB SYNDICATION: Spain 15-year mandate

EGB SYNDICATION
BulletEurozoneFixed Income BulletsMarkets

"The KINGDOM OF SPAIN has mandated Barclays, Credit Agricole CIB, Goldman Sachs Bank Europe SE, HSBC, Nomura, and Societe Generale for a new Obligacion del Estado syndicated 15-year Euro benchmark maturing on 31st January 2041. The transaction will be launched in the near future subject to market conditions."
From market source.

  • We wrote in our EGB Issuance, Redemption and Cash Flow Matrix that we looked for a Spanish syndication this week with either a long 15-year (2041) or 20-year maturity.
  • We pencil in a wide E5-10bln range for the transaction. The lower end of the range in line with previous issues, the upper end more consistent with the large syndications we have seen both in Spain more recently and in EGBs more generally this year.
122 words

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.

"The KINGDOM OF SPAIN has mandated Barclays, Credit Agricole CIB, Goldman Sachs Bank Europe SE, HSBC, Nomura, and Societe Generale for a new Obligacion del Estado syndicated 15-year Euro benchmark maturing on 31st January 2041. The transaction will be launched in the near future subject to market conditions."
From market source.

  • We wrote in our EGB Issuance, Redemption and Cash Flow Matrix that we looked for a Spanish syndication this week with either a long 15-year (2041) or 20-year maturity.
  • We pencil in a wide E5-10bln range for the transaction. The lower end of the range in line with previous issues, the upper end more consistent with the large syndications we have seen both in Spain more recently and in EGBs more generally this year.