EU scores with MFA tap before third SURE deal

By Burhan Khadbai
18 Nov 2020

The European Union received strong demand as it tapped a June 2035 line on Wednesday to finance loan disbursements under its Covid-19 Macro-Financial Assistance (MFA) programme.

Leads Crédit AgricoleCiti and DZ Bank opened the books on Wednesday morning with guidance of mid-swaps minus 3bp area for a €395m no-grow tap of its €660m June 2035 bond.

As the books reached over €2bn, the spread was set at minus 5bp. The books were last heard at over ...

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