Alliance & Leicester's Fosse 2010-2 transaction was launched and priced yesterday afternoon after a two-week delay.

The 2.6-year euro and sterling-denominated bonds priced at 140 basis points over the three-month Libor, compared with 125 basis points over for Arkle 2010-1 and 120 basis points for Fosse 2010-1. The U.S. dollar-denominated 2.6-year bonds priced at +143 basis points. Guidance had been set at 140 bsais points for all currencies.

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