POLAND: Wage Growth Cools To +9.2% Y/Y In January

Feb-20 09:32

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Poland's wage growth cooled to +9.2% Y/Y, roughly in line with expectations, while local desks point...

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STIR: 2QH5 96.125 Calls Blocked

Jan-21 09:27

Recapping block trade lodged at 08:54:29 London/03:54:29 NY:

  • 2QH5 96.125 calls 3,250 lots blocked at 12.0 vs. 1,268 SFRH7 futures at 95.995.
  • CME points to a buyer of the mid-curve vs. a seller of the futures.

EGB SYNDICATION: French book is a record size

Jan-21 09:23

Previous record book size for a French syndi was E98bln for the 3.00% Jun-49 Green OAT launch in January 2024. That's already exceeded, so we're on course for a record French book today.

EGB SYNDICATION: New 15-year OAT: Spread set

Jan-21 09:21
  • Spread set at 0.50% May-40 OAT (MID) +8bps (Guidance was +10bps area)
  • Size: EUR Benchmark (MNI expect E5-8bln with upside risks of E9-10bln)
  • Books in excess of E100bln (inc E4.3bln JLM interest)
  • Maturity: 25 May 2042
  • Settlement: 28 January 2025 (T+5)
  • Coupon: Full first coupon on 25 May 2025
  • ISIN: TBC
  • Bookrunners: BNPP / CACIB / HSBC / MS / SG (DM and B&D)
  • Timing: Books to close at 10:00GMT / 11:00CET. Allocations and pricing later today.
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