NIB launches deal in GBP

On 11 January, NIB launched a fixed-rate pound sterling issue totalling GBP 300 million. The deal due 10 December 2013 pays a coupon of 1.625% and has a reoffer price of 99.664 to give a spread of +50bp over the 4.5% March 2013 Gilt. Deutsche Bank and HSBC are joint lead managers of the transaction.