UK issuers find favour in dollars

March 10, 2010 12:00 am

The Bank of England's $2bn three year issue confirmed that investors still consider UK plc a worthwhile investment. It attracted over $3bn of interest and was priced at mid-swaps flat. The response to Network Rail's $1bn three year was more muted — the book was just shy of subscription — but at mid-swaps plus 12bp, central banks were interested and took 86% of the paper.

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