L-Bank opts for threes in Sofr Reg S first as JFM joins in dollars

Dollars_US_Fotolia_230x150
By Burhan Khadbai
04 Mar 2019

L-Bank is set to bring the first ever Reg S only Sofr-linked bond on Tuesday. The German agency will be joined in the dollar SSA market by Japan Finance Organization for Municipalities, which has picked banks for its first benchmark of the calendar year.

Leads BMO Capital Markets, Deutsche Bank, JP Morgan and RBC Capital Markets sent out initial price thoughts of Sofr plus 35bp area for L-Bank’s $500m no-grow March 2022 FRN, which is expected to be priced on Tuesday.

L-Bank mandated the banks to “conduct ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.