Nykredit nips out in Swiss francs

23 Feb 2011

BNP Paribas and UBS lead-managed a Sfr150m two year FRN for Nykredit on Tuesday pricing the deal at 80bp over Swiss franc Libor.

Distribution details remain to be confirmed but short-dated floating rate deals tend to be built around demand from treasuries or money market funds looking for higher yielding assets, and typically feature only a few accounts in the book.

HSH Nordbank, Erste Group and Nord LB have all issued short-dated ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options