EU-BOND SYNDICATION: Dual: 2.75% Dec-32 / 3.75% Oct-45 EU-bond: Allocations
Feb-10 14:22
2.75% Dec-32 EU-bond
- Size: E6bln from E5bln guidance (MNI expected E4-5bln)
- Books closed in excess of E89bln (inc E4.9bln JLM interest)
- Spread set at MS + 17bp (guidance was MS +19bps area)
- HR 100% vs DBR 2 ½ 11/15/32 (DE000BU27014)
3.75% Oct-45 EU-bond
- Size: E5bln confirmed (MNI expected E4-5bln)
- Books in excess of E83bln (inc E4.5bln JLM interest)
- Spread set at MS + 70bp (guidance was MS +72bps area)
- HR 107% vs DBR 2 ½ 07/04/44 (DE0001135481)
For both:
- Bookrunners: Goldman Sachs Bank Europe SE, J.P. Morgan (DM / B&D), Natixis, NatWest and Nordea
- Settlement: 17 February 2026 (T+5)
- Timing: Hedge deadline 14:40 UK. Pricing to follow
From market source / MNI colour
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AUSSIE 3-YEAR TECHS: (H6) Recovery Mode
Jan-10 22:45
- RES 3: 97.796 - 1.618 proj of the Sep 3 - 12 - 15 price swing
- RES 2: 96.780 - High Jun 26 (cont)
- RES 1: 96.700 - High Sep 12
- PRICE: 95.890 @ 16:40 GMT Jan 9
- SUP 1: 95.740 - Low Dec 22
- SUP 2: 95.480 - Low 1st Nov ‘23
- SUP 3: 94.932 - 1.0% 10-dma envelope
Prices bounced again Thursday, supported by strength in global bond markets and a smoother inflation picture at the December CPI print. As such, prices edged further away from recent lows. Nonetheless, slower pricing for additional RBA easing - and partial pricing for a return to rate hikes in 2026 - should keep the front-end of the curve under pressure. This keeps prices well below prior resistance at 96.615, the Sep 12 high, and refocuses attention on 95.480 as the next major support.
MNI: MNI TEST 02, Please Ignore
Jan-09 23:36
Test Test TEST
MNI: MNI Test, Please Ignore
Jan-09 23:30
Test, ignore
