The new deal is a tap of the RepublicÆs earlier dual tranche deal that consisted of a 10-year and a 25-year offering.
The 10-year tranche is a $300 million offering that prices off of the 8% coupon but is priced at 103.125 to yield at 7.532%, a spread of 2.46% over United States treasuries.
The tap of the 25-year tranche is a $450 million offering that prices off of a 7.75% coupon but is priced at 99.25 to...
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