Investors pile into debut offering from Tesco Personal Finance
Tesco Personal Finance ratcheted in the pricing on its debut senior unsecured bond on Thursday, starting with a high new issue concession but bringing it in by 35bp amid hefty investor demand.
The bank raised £250m of senior unsecured debt, with a six year maturity, callable after five years, at 305bp over Gilts. Books reached £1.65bn.
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