ABB's big floater soaks up deep demand at the short end

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ABB's big floater soaks up deep demand at the short end

Alex Radford, 
Jon Hay
April 02, 2019 06:00 PM
ABB robot arm 230x150 PA
A engineer 'programs' the robot YuMi through movements at the stand of the company ABB at Hannover trade fair in Hannover, Germany, 12 April 2015. The industrial trade fair runs from 13 April until 17 April 2015. Photo: Julian Stratenschulte/dpa | Julian Stratenschulte/DPA/PA Images

ABB, the Swiss-Swedish machinery maker, issued an unusual bond on Tuesday: an 18 month floating rate note that grew as large as €1bn.

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Alex Radford
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Jon Hay
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