EIB and FMS-W seize sterling demand ahead of Brexit vote

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By Burhan Khadbai
05 Mar 2019

The European Investment Bank and FMS Wertmanagement sold well oversubscribed issues in the sterling SSA market on Tuesday before an expected quieter period for new issues in the currency next week as parliament votes on prime minister Theresa May’s revised Brexit deal.

EIB sold a no-grow £500m March 2026 Sonia-linked Reg S floating rate note with a spread of Sonia plus 34bp, 3bp tighter than the initial price thoughts. The final book closed at over £1.2bn (including £50m of lead manager interest). Bank of America, HSBC and

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