By Devika Patel and Cristal Cody
Knoxville, Tenn., March 3 – The Bank of England priced $2 billion of 0.25% three-year notes at 99.637 on Tuesday to yield mid-swaps plus 12 basis points, according to a market source and a news release.
Initial price talk was in the mid-swaps plus 15 basis points area. The notes launched at mid-swaps plus 12 bps.
J.P. Morgan Securities plc, Citigroup Global Markets Ltd., RBC Capital Markets LLC and Toronto-Dominion Bank were the bookrunners.
London-based Bank of England is the central bank of the United Kingdom.
| Issuer: | Bank of England
|
| Amount: | $2 billion
|
| Description: | Notes
|
| Maturity: | March 8, 2024
|
| Bookrunners: | J.P. Morgan Securities plc, Citigroup Global Markets Ltd., RBC Capital Markets LLC and Toronto-Dominion Bank
|
| Coupon: | 0.25%
|
| Price: | 99.637
|
| Spread: | Mid-swaps plus 12 bps
|
| Trade date: | March 2
|
| Price guidance: | Mid-swaps plus 15 basis points area
|
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