Maturity: 13 February 2009
Issue price: 100.05
Coupon: three month Libor flat
Launch date: Thursday 19 January
Payment date: 13 February
Sole mgr: UBS
This is our first floater of the year and a redemptions driven transaction.
There is a good balance of investor interest; floaters, especially at this kind of maturity, are attractive to retail accounts. We have also seen an enthusiastic response from the institutional side, particularly money market funds and banks.