Funding and Green Projects Evaluation
MuniFin
Copyright MuniFin
45
Appendix 14
10y EUR 1 billion benchmark
• MuniFin priced its second benchmark transaction of 2021
on 23 February 2021.
•
.
The bond is a 10-year EUR 1 bn note due 2 March 2031.
• The joint lead managers were Barclays, Citi, HSBC and
Swedbank.
• The benchmark was priced at mid swaps -3 bps and pays
an annual coupon of 0%. The spread over the DBR 0%
due February 2031 was 28.7 bps.
·
The benchmark quickly gathered an orderbook above
EUR 3.8 billion, which is one of the largest in MuniFin's
history.
• 106 investors participated in the transaction with 89%
allocation to European investors and 52% allocation to
bank treasuries, 24% to asset managers and 23% to
central banks and other official institutions.
1%
23%
24%
■ Banks
■Asset managers
52%
■Central Banks / Official Institutions
■ Other
14%
25%
11%
50%
■Germany/Austria/Switzerland BeNeLux
■Rest
■Other EuropeView entire presentation