Capital markets week ahead:NextGenerationEU,Eni,Vonovia

摘要

TALKIN' BOUT NEXTCENERATION The European Union is set to launch its debut deal under the NextGenerationEU programme this week. The issuer sent out a request for proposals on Friday for an €11bn minimum transaction with responses due on Monday, a much shorter timeframe than typically adopted under the SURE programme. A deal of €11bn-€15bn is expected. The move follows the EU's selection of 39 banks for its primary dealer network last week. All applications were accepted so this is not an exclusive club and membership does not mean qualification to lead a syndicated deal. Bankers expect more details on the process of awarding mandates on a call with primary dealers on Monday. A call with investors is lined up for Tuesday.