EGB SYNDICATION: Latvia 10-year EUR: Priced
Sep-25 13:34
- Re-offer rice: 99.313 to yield 3.583%
- Coupon: 3.5%, Annual, act/act ICMA
- Size: E1.25bln (in line with MNI expectation - we pencilled in E0.75-1.5bln with risks skewed towards E1.25bln)
- Books closed in excess of E2.7bln (inc E330mln JLM interest)
- Spread set earlier at MS+85bp (initial guidance was MS+100 bps area then revised to MS+90bps area (WPIR +/-5bps))
- HR 97% vs 2.60% Aug-35 Bund
- Maturity: 2 October 2035
- Settlement: 2 October 2025 (T+5)
- JLMs: Deutsche Bank, Erste Group and Goldman Sachs Bank Europe SE (B&D)
- ISIN: XS3194153352
- Timing: FTT Immediately
From market source / MNI colour
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SONIA OPTIONS: Call Fly seller
Aug-26 13:29
SFIV5 96.10/96.20/96.30c fly, sold at 2.75 in 3k.
SONIA OPTIONS: Outright Call buyer
Aug-26 13:24
SFIU6 96.90c bought for 9 up to 9.25 in 4k (ref 96.39).
EGB OPTIONS: Schatz Call Spread
Aug-26 13:19
DUV5 107.30/107.50cs 1x2, bought for 1 in 1k.
