KBC keeps senior supply alive with fixed-to-float deal
KBC was marketing a fixed-to-floating rate note on Thursday. Strong demand allowed it to tighten pricing by 15bp during execution.
KBC opened books on Thursday for a new six year non-call five fixed-to-floating rate note in euros.
The Belgian lender was looking to capitalise on the tightening of spreads throughout this week in the secondary market and investor clamour for new supply.Lead managers BNP Paribas,