Eurozone sovereigns gather over €160bn in orders

By Burhan Khadbai, Lewis McLellan
09 Jun 2020

There were no issues of competing supply on Tuesday as three eurozone sovereigns amassed big order books, buoyed by last week’s expansion of the Pandemic Emergency Purchase Programme (Pepp).

Ireland received an order book over double its previous record as it raised €6bn with an October 2030 benchmark at a spread of mid-swaps plus 30bp, 4bp inside guidance, via Barclays, BNP Paribas, Danske Bank, Davy, NatWest Markets and Nomura.

The final book ...

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