Ireland ’s inaugural SONIA - linked FRN saw strong demand , with the deal for the £ ##500 million ( $ 10 million ) deal closing one hour after launch . IPTs were 38 bp over the compounded SONIA price .
NRW.Bank’s inaugural SONIA-linked FRN saw strong demand, with the books for the £300m ($371m) deal closing one hour after opening. IPTs were 38 bp over the compounded SONIA rate.