Berlin doubles up with fixed and floating.

The article reports that the city state of Berlin, Germany ventured into the euro market by selling seven year fixed rate bonds and issuing a six year floater in July 2013. Berlin's 1.5 percent August 2020 notes was priced by BayernLB, Dekabank and UniCredit at three basis points (bp) over mid-swaps. It then sold six year floating rate debt priced by LBBW and WGZ Bank which failed to reach full subscription.