MuniFin Green Finance and Liquidity Portfolio Evaluation
MuniFin
Copyright MuniFin
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Appendix 23
5y EUR 1 billion Benchmark, 0.00%
•
• MuniFin priced its second EUR denominated benchmark
transaction of 2020 on 15 April 2020.
The bond is a 5-year EUR 1 bn note due 22 April 2025
and is MuniFin's eighth benchmark line to date.
The joint lead managers were Barclays, Citi, Morgan
Stanley and Nordea.
• The benchmark was priced at mid swaps +16 and pays an
annual coupon of 0%. The spread over the OBL 0% due
April 2025 was 56.4 bps. The re-offer price was 100.476%
and the re-offer yield was -0.095%.
•
The final order book was over EUR 3.6 billion and more
than 90 investors placed orders.
• The orderbook was of very high quality. 46% of the
allocations went to Central Banks & Official Institutions,
45% to Banks, 7% to Asset Managers and 2% to
Insurance/Pension Funds.
45%
2%
7%
■Central Banks / Official Institutions
■ Banks
Asset managers
■ Pension/Insurance
19%
4%
1%
0
46%
76%
■Europe (excl. Nordics) Nordics Americas Asia PacificView entire presentation