Book size: 54000; Registration: Reg S Only; Comments: EUR3bn tap of 2.375% Jul-2029 cpn fxd 2.375% at 98.648, yld 2.820%. Spread: MS + 2 bps. OBL 2.1 04/12/29 #189 +19.5bps (HR 107%);
Book size: 88000; Registration: Reg S Only; Comments: EUR6bn 20yr cpn fxd 4.00% at 98.787, yld 4.090%. Spread: EU 3.750% 10/45 + 5 bps. DBR 2.5 08/15/46 +55.8bps (HR 105%);
Deal Comments
Deal priced on April 14.
Books above €54b for 2029 tap
Books above €88b for 20Y new tranche.
Distribution by geography for 2029 tap:
UK 35%
APAC 28%
Nordics 11%
Iberia 8%
France 4%
Italy 4%
Belgium, Netherlands, Luxembourg 2%
Germany 2%
Middle East and Africa 2%
Other Europe non EU 2%
Americas 1%
Other EU 1%
Distribution by investor type for 2029 tap:
Central banks, official institutions 51%
Fund managers 22%
Bank treasuries 17%
Insurance and Pension funds 5%
Hedge funds 3%
Banks 2%
Distribution by geography for 20Y tranche:
UK 22%
Belgium, Netherlands, Luxembourg 11%
Iberia 11%
Italy 9%
Middle East and Africa 9%
Nordics 9%
Other EU 9%
Germany 7%
France 6%
Other Europe non-EU 4%
Asia 3%
Distribution by investor type for 20Y tranche:
Bank treasuries 30%
Fund managers 29%
Central banks, official institutions 23%
Insurance and Pension funds 12%
Banks 3%
Hedge funds 3%