London & Quadrant brings second sterling dual tranche

London Quadrant Excalibur Estate
By Nigel Owen
13 Jul 2017

On Thursday London & Quadrant Housing Trust became the latest issuer to tap the strong demand from sterling investors with a £500m 12 year and 40 year dual tranche structure. This was the second dual tranche sterling deal following Digital Stout’s £600m seven year and 12 year combination the day before.

Digital Stout had amassed a combined order book of over £3bn ($3.88bn) and both tranches priced inside where its existing bonds had been marked in the secondary market. The bonds had also tightened 3bp-5bp in early trading.

Before announcing its deal, London & Quadrant had £1.1bn of ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.