The yield spread over Treasuries with a similar maturity is about 69 basis points.
The expectations had ranged from 35 to 38 basis points over Treasuries with a similar maturity.
Before pricing, market participants expected a spread of 1.3 to 1.35 percentage points over Treasuries.
It was on the high end of what most dealers had expected the range to be, about 75 to 80 basis points over Treasuries.
The spread over Treasuries had been expected to be about 45-hundredths of a point.
The spread over Treasuries is about 44 basis points.
The spread over Treasuries fell in line with what many traders had expected before pricing.
Many had expected it to be from 100 to 105 basis points over Treasuries.
Its yield was 6.585 percent, 210 basis points over comparable Treasuries.
The spread over Treasuries was well within the 9/10 to one percentage point range that many securities dealers had expected.