Size: E4.999bln (MNI had assumed takeup at the top of the E4-5bln target range)
Cut off spread 2.90% Aug-54 Bund + 20bps
Prelim initial spread guidance yesterday was +18.5 to 22.5bps then revised to 19.5 to 22.5bps as books opened then 19.5 to 21.0bps. Final guidance was + 20 to 21bps
Final book: E32.739bln
Allocated to real money: 85.77%
Allocated to other: 14.23%
Allocation at the cut-off spread: Real money: 44.00%, other: 3.61%
Maturity: 15 January 2056
ISIN: NL0015002P70
MNI: UK SEP CBI INDUSTRIAL TRENDS TOTAL ORDERS -27
Sep-23 10:00
MNI: UK SEP CBI INDUSTRIAL TRENDS TOTAL ORDERS -27