bpdulog

So the bond amount should be the same as the swap notional?

Leveraged Floater issued means 1.2Libor liability on 12m
Swap on 14.4m = libor vs 4.4 = 1.2libor on 12m vs 5.28% on 12m
so we just need to finance the 4.4% on the 14.4m swap =0.6336m

We have 12m from issuance of the floater so shouldnt we just long a 12m 6% bond? which would cover the swap and leave 86,400 pa or 43,200 semi annual?