Land Securities pockets £1bn, buys back old bonds

After Monday’s dual tranche offering from Unilever, the sterling corporate bond market paused ahead of Thursday’s Bank of England Monetary Policy Committee.

  • By Nigel Owen
  • 15 Sep 2017

However, once that passed, Land Securities reopened the market with a £1bn pair of long dated tranches.

Unilever had issued a £250m seven year tranche and a £250m 12 year, but Land Securities opted for the other end of the market, with 20 and 40 year maturities.

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