Dudgeon restores sterling market confidence

wind turbine
By Nigel Owen
07 Nov 2018

TC Dudgeon Ofto — the owner of the transmission lines from the North Sea Dudgeon Offshore Wind Farm — restored investors’ confidence in the sterling corporate bond market on Tuesday. It was notable, as it was a fundamentally green issuer selling bonds without green bond labels.

Sterling market participants have been nervous after October saw Southern Housing widen the spread over Gilts on its £200m ($261.2m) bond issue after tightening it from initial price thoughts (IPTs), and Renault pulled a £250m five year deal. 

The ...

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