ABB's big floater soaks up deep demand at the short end
![ABB robot arm 230x150 PA](https://assets.euromoneydigital.com/dims4/default/a197cea/2147483647/strip/true/crop/230x156+0+0/resize/840x570!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Ff4%2Fd1%2Fe895808393c7c8d67c68b9b89607%2Fabb-resize.jpg)
ABB, the Swiss-Swedish machinery maker, issued an unusual bond on Tuesday: an 18 month floating rate note that grew as large as €1bn.
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