Fortis Bank.

The article focuses on the eurobond issue from Fortis Bank. The issuer had been considering a smaller size, but decided to take the opportunity to go larger. The book was capped at €2.5 billion and priced at three month Euribor plus 68 basis points. The book mainly consisted of investors from Germany and Austria (26%), France (20%), Great Britain and Ireland (15%), Italy (13%) and Benelux (12%). In terms of investor type 58% went to banks and treasuries, 29% to asset managers and 7% to governments and agencies.