EM ASIA CREDIT: SDGOLD: Launch PNC3 USD100mn @ 4.9%

May-29 12:25

You are missing out on very valuable content.

Shandong Gold (SDGOLD, NR/BBB-/NR) "LAUNCH: Shandong Gold Group $100m Perp NC3 4.9%" - BBG...

Historical bullets

EGB SYNDICATION: 3.00% Jun-49 Green OAT: Priced

Apr-29 12:14
  • Reoffer: 87.014 to yield 3.834%
  • Spread set earlier at 3.00% Jul-49 OAT + 13bps (guidance was +15bp area)
  • Size: E5bln (MNI expects E4-8bln)
  • Books in excess of E74bln (inc JLM interest)
  • Settlement: May 7, 2025 (T+5)
  • Bookrunners: Barclays, BNPP (B&D), BofA, CA-CIB, HSBC, Natixis
  • Timing: MNI expects to price today

Source: Bloomberg and MNI colour

GILT PAOF RESULTS: GBP217.0mln of the 1.25% Nov-54 linker sold.

Apr-29 12:03
  • GBP225.0mln had been on offer.
  • This leaves GBP15.050bln of the linker in issue.

STIR: Repo Reference Rates

Apr-29 12:02
  • Secured Overnight Financing Rate (SOFR): 4.36% (+0.03), volume: $2.567T
  • Broad General Collateral Rate (BGCR): 4.35% (+0.03), volume: $1.047T
  • Tri-Party General Collateral Rate (TCR): 4.35% (+0.03), volume: $1.011T
  • (rate, volume levels reflect prior session)