10.3 yr: Book size: 5000; First Pay: 2021-11-25; Registration: Reg S Only; Comments: EUR2bn Nov 2031 social RegS. Aa2/NR/AA. Barc/BNPP/CA-CIB/JPM(B&D/DM)/Natx. Guidance OAT 0% Nov 2031 +13 area revised +12 area (+/-1 WPIR) for 2bn, launch OAT+11 (~MS+8), bk >5bn ex-JLM, peak >5.4bn . OAT@100.685/-0.066%;