Land Securities tenders and goes long and large for feelgood Friday
The Bank of England Monetary Policy Committee meeting last week created a midweek pause in sterling issuance. However, once the meeting passed, Land Securities reopened the market with a £1bn pair of long dated tranches last Friday.
Unilever had sold a £250m seven year tranche and a £250m 12 year tranche on September 11, but Land Securities opted for the other end of the market in terms of tenors with 20 year and 40 year maturities.
Land Securities announced the mandate for the
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