12.6 yr: Registration: 144A/Reg S; Comments: USD2bn Mar 2033 RegS/144A. B/B. GS/JPM(B&D). IPTs 7.75% area, guidance 7.5% area revised 7.3% area (+/-5 WPIR), launch 2bn @7.25%. Bks last hrd >4bn. TBP today. With 2021/2022 switch/tender. NB priced then cancelled on 1/2 July (1.75bn at 7.3%). Long first.;