By Burhan Khadbai, Tyler Davies 03 Jan 2019 Issuers are flocking to the sterling bond market ahead of the crunch vote in the UK Parliament on prime minister Theresa May’s Brexit deal, which is scheduled for January 14. Issuers are taking full advantage of a parliamentary recess and a break in the political mayhem that saw the vote, originally due to take place last month, postponed due to May's fears it would be voted down. Burhan Khadbai and Tyler Davies report. A combined £2.25bn was raised in the public sector market on Thursday by the European Investment Bank and KfW. EIB sold a no-grow £1bn January 2022 Sonia-linked Reg S floating rate note with a spread of 28bp over Sonia, 2bp tighter than initial price thoughts. , Contact our subscriptions team to discuss your access: subs@globalcapital.com Or sign up for a trial to gain full access to the entire site for a limited period. To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
EIB sold a £1bn ($1.3bn) 2bp no-grow SONIA-linked Reg S FRN on 3 January. The deal was priced at 28bp over SONIA, three-year tighter than IPTs.