US investors launch into sterling to boost PP demand for UK names

US private placement (US PP) investors hailing from the United States are ramping up competition for sterling PP deals, as swap costs dwindle and key comparables in US markets tempt those buyers across the pond. Silas Brown reports.

  • By Silas Brown
  • 11 Oct 2018

It is always curious when investors further afield offer more attractive terms than those closer to home.

Newlon Housing Trust, a north and east London housing association rated A3 by Moody's, returned to the US private placement market this month, and sold £135m of US PP notes to ...

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