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EUROFIMA completes its second USD 1 billion FRN benchmark

Today EUROFIMA has successfully increased its USD FRN June 2016 bond to the benchmark size of USD 1 billion. This public bond represents the second USD benchmark in floating-rate format, in addition to the four oustanding USD benchmarks in fixed-rate format.

The increase priced at mid-swap +6bp while the coupon is 3M USD libor +10bp. The size was capped at USD 100 million despite the strong demand, and fully allocated to central banks and official institutions. Sole lead manager of the transaction was Goldman Sachs