JP Morgan keeps floater fans sweet with longest of 2013
JP Morgan was doing its bit to feed the insatiable appetite for short dated floating rate notes on Monday as it opened books on a three year transaction — the longest euro floater of 2013 so far.
The A2/A/A+ rated US bank was the sole lead on the deal, and set out with initial guidance in the 45bp over three month Euribor area.
Orders were over 1bn on Monday morning.
JP Morgan was tapping into the same FRN appetite that drove books for recent two years
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