Published on 2/3/2015 in the Prospect News Investment Grade Daily.
New Issue: Germany’s EAA prices $1 billion 1.125% notes due 2018 at mid-swaps plus 10 bps
By Aleesia Forni
Virginia Beach, Feb. 3 – Erste Abwicklungsanstalt sold $1 billion of 1.125% three-year notes on Tuesday at 99.94 with a spread of mid-swaps plus 10 basis points, a market source said.
Pricing was in line with talk.
Barclays, BofA Merrill Lynch, HSBC and Goldman Sachs & Co. were the bookrunners.
The public law agency is charged with winding up portfolios transferred to it and is based in Dusseldorf.
| Issuer: | Erste Abwicklungsanstalt
|
| Amount: | $1 billion
|
| Description: | Notes
|
| Maturity: | Feb. 12, 2018
|
| Bookrunners: | Barclays, BofA Merrill Lynch, HSBC, Goldman Sachs & Co.
|
| Coupon: | 1.125%
|
| Price: | 99.94
|
| Spread: | Mid-swaps plus 10 bps
|
| Trade date: | Feb. 3
|
| Price talk: | Mid-swaps plus 10 bps area
|
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