Tuesday, 7 June 2011

What a lovely figure - NR in the money markets

This from Reuters...

June 7 (Reuters) -Following are terms and conditions

of an FRN priced on Tuesday.

Borrower Network Rail Infrastructure

Finance PLC

Guarantor Guarantee by a financial indemnity from

UK Government

Issue Amount $500 million

Maturity Date June 14, 2013

Coupon 3-month Libor + 2 bp

Reoffer price Par

Payment Date June 14, 2011

Lead Manager(s) Deutsche Bank & Goldman Sachs

Ratings Aaa (Moody's), AAA (S&P),

AAA (Fitch)

Listing London

ISIN RegS- XS0637327619

144A- US64127WAC73

Security details and RIC, when available

Look at those lovely AAA ratings!