Rating: Aa2/A+/AA-
Amount: Sfr250m (fungible with two issues totalling Sfr500m first launched 11/05/04)
Maturity: May 12, 2009
Issue price: 101.06
Coupon: 2.25%
Launched: Wednesday August 18
Joint leads: Credit Suisse First Boston (books), Bank of America
Market appraisal:
?...this was a nice trade to start off with and the leads are now able to re-open the bond. It offers a nice spread of swaps plus 11bp.?
?...the bond was fairly priced and the issue went well. This is a Eu750m benchmark outstanding and the existing bond was popular so this reopening should do well.?