Sterling investors quench their thirst with Great Rolling Stock, VW
Great Rolling Stock Co and Volkswagen issued £600m worth of bonds on Tuesday, bringing some rare supply to the sterling corporate market, which saw only two other investment grade deals in March. The UK’s Great Rolling Stock Co, a subsidiary of Angel Trains, priced a £400m secured amortising bond, with a 15 year average life, at 257bp over Gilts.
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