Jyske sneaks in with short end senior

13 Nov 2012

Danish lender Jyske Bank has returned to the senior unsecured market after an 18 month absence, taking orders on Tuesday for a €500m floating rate senior unsecured bond.

Leads BNP Paribas, JP Morgan, LBBW and Nordea released initial price thoughts of 120bp-125bp over three month Euribor at around 10am CET.

The guidance was revised to 120bp area later in the morning, but the leads would not comment on the size of the book, which confused some bankers.

“We’re ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial