Lead managers ABN Amro, JP Morgan, Rabobank and Royal Bank of Scotland will offer the five year senior notes of ABN Amro’s Dolphin 2011-1 at 140bp over three month Euribor, the wide end of the 135bp-140bp price talk released on Tuesday.
The publically offered tranche is expected to be a Eu500m five year euro piece, and pricing will be later on Thursday.
Investors earlier this week complained
that Dolphin was trying to come too tight, with comparable secondary market bid spreads in the 146bp-147bp area. A syndicate banker from