EGB SYNDICATION: Latvia 10-year EUR: Priced
Sep-25 13:42
- Reoffer: 99.313 to yield 3.583%
- 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. Spot ref 98.56 / 2.767% / +81.6bp
- 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: TOE 14:10BST / 15:10CET, FTT immediately
From market source / MNI colour
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