Unedic (UNEDI) 2020-7

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR1,500.00014.7Jul-35-Aa2NRAAFixedOAT-OAT+16-18 a150.25%-103.04700
Tranche Comments
14.7 yr: Book size: 2400; Registration: Reg S Only; Comments: EUR1.5bn tap of 2bn 0.25% Jul 2035 social RegS. Aa2/NR/AA. HSBC(B&D/DM)/Natx/Nomura. Guidance interp OATs +18 area (MS+18 area), revised OATs+16 area (+/-1 WPIR), set OATS+15 on bks >2.4bn ex-JLM, sized 1.5bn. Interp. FRTR 1.250% 05/34 Mid Spots: 119.31 / -0.157% & FRTR 1.250% 05/36 120.69 / -0.071%). Pricing v mids, hedges v DM's bid side. ISINs: FR0014000ET6 40-day funge with FR0013524410;
Deal Comments
EUR1.5bn Green Bond tap of 2bn 0.25% due 7/16/2035.
Guarantor(s)
France