Nykredit and ANZ test ‘picky’ floater bid

By Tom Porter
27 Nov 2013

Denmark’s Nykredit and ANZ Bank New Zealand launched short-dated floating rate notes on Wednesday, refreshing a market that has been dominated by top tier names of late.

Nykredit, rated A+/A, hired Bank of America Merrill Lynch, JP Morgan and Royal Bank of Scotland to join its own investment bank of the syndicate for its €500m no-grow 2.5 year transaction, and put out initial price thoughts in the three month Euribor plus 55bp area.

“Nykredit is ...

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