Amigo taps debut bond in optimistic sterling HY

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By Victor Jimenez
03 May 2017

Amigo Loans, the UK consumer lender, launched a £50m tap of its debut high yield bond on Wednesday, and bankers said there is more to come from the sterling market after what has already been a busy start to the year.

Amigo priced the original £275m seven year non-call three senior secured bond at par in January, but was able to print this week's add-on of the 7.625% notes at 104.5. That was a small discount to the 105 bid price in the secondary market on Wednesday morning. It ...

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