Free Trial

Spain 30-year: Allocations out

EGB SYNDICATION
  • Size: E6bln (the middle of the E5-7bln range MNI had expected)
  • Spread set at 1.90% Oct-52 Obli (mid) + 11bp
  • Guidance was 1.90% Oct-52 Obli (mid) +14bps area then revised to + 12bp +/-1bp WPIR
  • HR: 134% versus 1.90% Oct-52 Obli
  • Book closed in excess of E83bln (inc E4.3bln JLM interest)
  • Maturity: 31 October 2054
  • Settlement: 13 February 2024 (T+5)
  • Coupon: Fixed, annual ACT/ACT, short first to 31 October 2024
  • ISIN: ES0000012M93
  • Bookrunners: BBVA / Citi / J.P. Morgan (B&D/DM) / Morgan Stanley / Santander / Societe Generale
  • Timing: Hedge deadline 15:10GMT / 16:10CET
From market source

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.