By Andrea Heisinger
New York, March 4 - Germany's Erste Abwicklungsanstalt reopened its issue of floating-rate notes due January 2016 on Monday to add $200 million, a market source said.
The notes priced at 100.271 with a coupon on Libor plus 30 basis points.
Total issuance is $750 million, the source said.
Credit Suisse Securities (USA) LLC was the bookrunner.
The public law agency is charged with winding up portfolios transferred to it and is based in Dusseldorf.
| Issuer: | Erste Abwicklungsanstalt
|
| Issue: | Floating-rate notes
|
| Amount: | $200 million, reopened
|
| Maturity: | Jan. 29, 2016
|
| Bookrunner: | Credit Suisse Securities (USA) LLC
|
| Coupon: | Libor plus 30 bps
|
| Price: | 100.271
|
| Trade date: | March 4
|
| Settlement date: | March 11
|
| Total issuance: | $750 million
|
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