By Reshmi Basu
New York, Oct. 5 - Hansabank priced €750 million of five-year floating-rate notes (A1//A) to yield three-month Euribor plus 26 basis points, according to a market source.
The deal, which has coupon of three-month Euribor plus 25 basis points, came in at the tight end of price guidance of Euribor plus 26 to 29 basis points.
Proceeds will be used to finance its operations and to refinance existing debt.
Barclays Capital and Deutsche Bank ran the deal for the biggest banking group in the Baltic region.
| Issuer: | Hansabank
|
| Amount: | €750 million
|
| Issue: | Floating-rate notes
|
| Maturity: | October 2009
|
| Coupon: | Three-month Euribor plus 25 basis points
|
| Yield: | Three-month Euribor plus 26 basis points
|
| Pricing date: | Oct. 5
|
| Settlement date: | Oct. 19
|
| Managers: | Barclays Bank, Deutsche Bank
|
| Ratings: | Moody's: A1
|
| Fitch: A
|
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