NWB Guidance on GBP200 Million 3.5-Year FRN at Libor +0.55 Area
17 July 2012 - 9:49PM
Dow Jones News
By Ben Edwards
Dutch agency borrower Nederlandse Waterschapsbank NV, or NWB, is
planning a 200 million pound ($311.6 million) floating-rate note,
maturing January 2016, one of the banks running the deal said
Tuesday.
Price guidance is in the area of 55 basis points over the
three-month sterling Libor.
Daiwa Capital Markets and Deutsche Bank AG are the lead managers
of the sale.
The issuer is rated triple-A by all three of the major ratings
companies.
Write to Ben Edwards at ben.edwards@dowjones.com
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