Barclays 15yr tightened 10bp, tap still G+145 area
By Julian Baker
LONDON, Jan 8 (IFR) -
* 15yr guidance at G+175 area, Jan 2024 tap unchanged from IPTs at G+145 area on GBP300m+ book. Books subject at 2pm. Tap (Shenzhen: 002826.SZ - news) is immediately fungible. Barc is B&D. (1:06pm)
* 15yr benchmark at UKT4.25% Jun 2032 +185 area IPTs, Jan 2024 tap at UKT2.75% Sep (Shanghai: 600021.SS - news) 2024 +145 area. Pricing today. Due 17 Jan 2033 and 17 Jan 2024, pay 17 Jan. 15yr is SEC (Shanghai: 603988.SS - news) registered, NYSE listing, 100k/1k denoms. Tap is off DIP, Reg S registered, London listing, 100k/1k denoms. Both have MWC. (9:10am)
Barclays PLC (LSE: BARC.L - news) (holdco) has mandated Barclays as bookrunner for a dual-tranche sterling holdco transaction, which will consist of a new 15yr benchmark and a tap of its GBP950m 3.125% January 2024. MiFID II professionals/ECPs-only/No PRIIPs KID – Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID (Oslo: KID.OL - news) ) has been prepared as not available to retail in EEA. (9:10am)