Sterling shows ‘relevance’ in surprisingly busy week
International borrowers made good use of sterling this week, finding value in the market despite risks around the UK budget and the government's intention to trigger Article 50 later in the month.
Morgan Stanley sold £1bn of 10 year bonds at the beginning of the week, putting a single point on its outstanding curve.
The US issuer has sold bonds in the UK market before, but its last outstanding securities matured this year according to Dealogic.Morgan Stanley hired its own ...
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