Strong real money support for ABN’s first post-acquisition 10 year
Dutch lender ABN Amro priced a well received 10 year bond on Wednesday, its first in that maturity since it was acquired by Royal Bank of Scotland in 2007. The deal enjoyed strong real money support and was trading around 2bp tighter on Thursday, despite a widening in the broader market.
Lead managers ABN Amro, Citi, DZ Bank, Goldman Sachs and Royal Bank of Scotland gathered around 2.2bn of orders for the deal, allowing the issuer to increase the size to 1.25bn after having initially wanted 1bn.
Most bankers in the market, whether involved in the deal or not, put
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