The 10-year tranche priced with a coupon of 7.250%, a yield of 7.375% and a price of 99.127, with a spread over 10-year US Treasuries of 222.6bp. The book for this tranche was five times covered, with 140 investors participating in the transaction. UBS released an initial guidance on Monday in the 7.375% area, and revised yesterday to 7.250%-7.375%.
In terms of geographic split,...
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