Sterling finally heats up as borrowers defy political risk to issue

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By Lewis McLellan
16 Mar 2017

The sterling market was red hot this week with public sector issuers hitting screens in force, despite a headline heavy calendar.

“Sterling has come back to life,” said a banker who worked on one of this week’s deals. Four borrowers issued sterling or announced plans to do so — the most since the first week of this year — taking advantage of excellent conditions in the currency.

Widening swap ...

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