EGB SYNDICATION: Italy Dual-Tranche New 5y / 10y Green Tap: Allocations Out
Jun-04 12:27
New 5-year:
- Size: E12bln (MNI expected E7-10bln)
- Books closed in excess of E120bln (incl. E5.3bln JLM interest)
- Spread: 2.95% Jul-30 +8bps (guidance was +10bps area)
- Maturity: 1 October 2030
- Coupon: Short first
- Hedge Ratio: 103% vs 2.95% 07/2030
- ISIN: IT0005654642
4.05% Oct-37 Green BTP Tap
- Size: E5bln WNG
- Spread: 0.95% Mar-37 +6bps (guidance was +9bps area)
- Books closed in excess of E94bln (incl. E3.8bln JLM interest)
- Hedge Ratio: 125% vs 0.95% 03/2037
- ISIN: IT0005596470
For both:
- Settlement: 11 June 2025 (T+5)
- Bookrunners: Barclays (DM/B&D) / BNPP / BofA / CACIB / Santander / Societe Generale
- Hedge deadline 13:45 UKT / 14:45 CET
- Timing: Pricing later today
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