Ireland ’s inaugural SONIA - linked FRN saw strong demand , with the deal for the £ ##500 million ( $ 10 million ) deal closing one hour after launch . Following initial price thoughts of 38bp area over the compounded Sonia rate on Monday, leads Nomura, RBC Capital Markets and TD Securities opened the books on Tuesday morning at the same level. IPTs were 38 bp over the compounded SONIA price .
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 .