EUR New Issues: Big supply returns with EFSF, BNG, KfW, Mizuho

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Big supply has returned to the euro market with BNG Bank, E.On, KfW, Intesa and Mizuho among the issuers pricing today.

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New issues

EFSF plans to tap its 2.75% 2026 and launch a new €2bn (max) 15y due 2038 in the near future. Leads are Commerzbank, HSBC and Nomura.

BNG Bank is pricing €1bn 10y Social at swaps +11bps through DZ, Natixis, Nomura and TD.

E.On is pricing EUR Green 5.5y around swaps +80bps and 10y around +115bps. Leads are BofA, DB, NatWest and UniCredit (B&D).

Intesa Sanpaolo is pricing EUR 4y around swaps +125bps and 8y around +220bps through BNPP, BofA, CA, HSBC, IMI (B&D), JPM, Mediobanca and MS.

Mizuho is pricing EUR 7y Green around swaps +165bps through HSBC, ING, Lloyds, Mizuho (B&D) and SocGen.

Swedish Export Credit plans EUR 7y through BNPP, CA, DB and HSBC.

Finland plans to sell €3bn (max) long 5y bonds through Barclays, BofA, Danske, DB and JPM.

KfW is pricing €4bn long 5y at swaps -13bps through DB, GS (B&D), HSBC and JPM. Latest order book size reported to be above €7.3bn.

Danske Mortgage Bank is pricing €1bn long 5y Covered at swaps +26bps through BNPP, BBVA, Danske, DZ and Erste.

Virgin Money is pricing €500m 5y Covered at swaps +50bps through BBVA, BNPP, Lloyds (B&D), NordLB and Santander.

Helaba is pricing €1bn long 4y Covered at swaps +6bps through Commerzbank, DB, Helaba (B&D), Natixis, SocGen and UniCredit.

Slovenska Sporitelna is pricing €500m long 4y Covered at swaps +53bps through BayernLB, DZ, Erste (B&D), ING and UniCredit.