HSBC has become the latest in a series of borrowers to issue debt based on the SONIA benchmark setting a new record for the size of a deal using the new reference rate. Priced at 25bp over SONIA, and despite offering no new issued premium, the deal saw good demand enabling the issue to increase the size by £90m ($107) to £690m
Asian Development Bank has become the latest in a series of borrowers to issue debt based on the SONIA benchmark setting a new record for the size of a deal using the new reference rate. Priced at 25bp over SONIA, and despite offering no new issued premium, the deal saw good demand enabling the issue to increase the size by £90m ($107) to £690m