May 21, 2024 08:29 GMT
Syndication: 2.375% Apr-28 tap / New 7-year May-31: Guidance
EFSF ISSUANCE
Overall size across both tranches set at E4bln (individual tranches still TBA)
2.375% Apr-28 tap
- Spread set at MS flat (guidance wasMS+2 bps area)
- Total Size: EUR Benchmark (MNI expects E1.0-1.5bln)
- Books in excess of E8.5bln (excl. JLM interest)
- ISIN: EU000A2SCAE8
New 7-year May-31:
- Spread set at MS+12bps (guidance was MS+14 bps area)
- Total Size: EUR Benchmark (MNI expects E2.0-3.0)
- Books in excess of E11bln (excl. JLM interest)
- Coupon: Fixed, Annual ACT/ACT
- ISIN: EU000A2SCAP4
For both:
- Settlement: 28 May 2024 (T+5)
- Bookrunners: CITI (DM and B&D) / CACIB / MS
- Timing: Books on both tranches to close at 10:15BST / 11:15CET
From market source
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