All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
SSA

Rating vital to new UK issuer’s price hopes

city-london-skyline.jpg

A new UK municipal bond agency’s plans to reduce its members’ cost of funding versus Gilts will hang on its credit rating spread to the UK government, SSA bankers said on Monday. A new UK sub-sovereign issuer — the Scottish government — is likely to attain pricing similar to the new agency, said bankers. Elsewhere in sterling, Bank Nederlandse Gemeenten tapped its December 2018s for £50m.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree