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UBS sells 91.5 bln yen in Samurai bonds

Wed Jun 18, 2008 9:19pm EDT

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TOKYO, June 19 (Reuters) - Swiss bank UBS AG (UBSN.VX) sold a total of 91.5 billion yen ($848.4 million) in Samurai bonds in four tranches on Thursday, lead manager UBS securities said.

It sold 12 billion yen in three-year fixed-rate bonds, 47 billion yen in five-year fixed-rate bonds, 22 billion yen in three-year floating-rate bonds and 10.5 billion yen in five-year floating-rate bonds.

The three-year fixed-rate bonds have a spread of 100 basis points over yen swaps, and the five-year fixed-rate bonds have a spread of 120 basis points over yen swaps. The three-year floating-rate bonds have a spread of 100 basis points over three-month yen Libor, and the five-year floating-rate bonds have a spread of 120 basis points over three-month yen Libor.

The Samurai bonds -- yen bonds issued in Japan by non-Japanese entities -- were priced at par. ($1=107.85 Yen) (Reporting by Takefumi Ito and Naoyuki Katayama: writing by Rika Otsuka)



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