May 21, 2024 13:05 GMT
Syndication: 2.375% Apr-28 tap / New 2.875% 7-year May-31: Priced
EFSF ISSUANCE
2.375% Apr-28 tap
- Reoffer: 97.779 to yield 2.990%
- Spread set earlier at MS flat (guidance wasMS+2 bps area)
- Total Size: E1.5bln (MNI expected E1.0-1.5bln)
- Books closed in excess of E10.5bln (excl. JLM interest)
- HR: 98% versus 2.20% Apr-28 Bobl. Ref 98.43 / 2.629% / +36.1bps
- ISIN: EU000A2SCAE8
- Timing: TOE 13:44BST, FTT immediately
New 2.875% May-31:
- Reoffer: 99.638 to yield 2.933%
- Spread set at MS+12bps (guidance was MS+14 bps area)
- Total Size: E2.5bln (MNI expected E2.0-3.0)
- Books closed in excess of E21.4bln (excl. JLM interest)
- Coupon: 2.875%, Annual ACT/ACT
- HR: 112% versus 0% Feb-31 Bund. Ref 84.88 / 2.465% / +46.8bps
- ISIN: EU000A2SCAP4
- Timing: TOE 13:42BST, FTT immediately
For both:
- Settlement: 28 May 2024 (T+5)
- Bookrunners: CITI (DM and B&D) / CACIB / MS
From market source
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