However, after taking the deal to investors at an indicative range of 35bp to 38bp over mid-swaps, the deal priced at the tight end of guidance with an order book two-times oversubscribed.
The A3A- deal was priced at 99.864% on a coupon of 5.63%, offering a yield of 5.643%. That is equivalent to 35bp over mid swaps or 89.25bp over Treasuries.
Fees were undisclosed.
The order book closed with 75 accounts being...