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SURE long 7y/30y syndication update

EUROZONE ISSUANCE
  • Bloomberg are reporting that the size for the long 7-year 0% Jun-28 SURE bond has been set at E10bln (in line with our expectation) with books over E75bln and guidance at MS-13bp.
  • For the E4bln syndicated tap of the 0.30% Nov-50 SURE bond, Bloomberg report books over E40bln with guidance at MS+7bp.
  • Pricing is expected later today. We note that pricing for the first tranche was confirmed at 15:25, for the second tranche at 16:14/16:15 and for the third tranche at 16:04 (all times are UK).

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