Sterling bonds take centre stage
Sterling supply has kept Europe’s corporate bond market ticking over this week, as French investors, big supporters of recent euro-denominated issues, head off on holiday, leaving deals thin on the ground. Thames Water issued £550m of class ‘B’ subordinated bonds on Tuesday, while Great Rolling Stock Co made an £800m dual-tranche debut, in a deal secured against assets of Angel Financing Group, part of the UK rolling stock leasing company. Read EuroWeek on Friday to find out what corporate bond bankers will focus on throughout July.
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