May 21, 2024 12:07 GMT
Syndication: 2.375% Apr-28 tap / New 7-year May-31: Allocations out
EFSF ISSUANCE
2.375% Apr-28 tap
- 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 E10.4bln (excl. JLM interest)
- HR: 98% versus 2.20% Apr-28 Bobl
- ISIN: EU000A2SCAE8
New 7-year May-31:
- Spread set at MS+12bps (guidance was MS+14 bps area)
- Total Size: E2.5bln (MNI expected E2.0-3.0) (Corrected from earlier post)
- Books closed in excess of E21.4bln (excl. JLM interest) (Corrected from earlier post)
- Coupon: Fixed, Annual ACT/ACT
- HR: 112% versus 0% Feb-31 Bund
- ISIN: EU000A2SCAP4
For both:
- Settlement: 28 May 2024 (T+5)
- Bookrunners: CITI (DM and B&D) / CACIB / MS
- Timing: Hedge deadline 13:20BST / 14:20CET
From market source
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