UBS prices €750m FRN, taps demand for core names
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UBS prices €750m FRN, taps demand for core names

UBS braved volatile credit markets on Thursday with a €750m two year floating rate benchmark that was priced at 60bp over three month Euribor. Bankers said the deal benefited from a flight to high quality core names and a lack of primary supply — although some said that market conditions affected the size.

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