Tate & Lyle sells US PPs

Ingredients group Tate & Lyle has priced a $200m US private placement, in order to refinance a sterling bond set to expire in November.

  • By Silas Brown
  • 05 Aug 2019

Bank of America and Citi arranged the transaction, which is set across 10 and 12 years. A $100m 2029 note was sold with a coupon of 3.31%, and a $100m 2031 note was sold at 3.41%.

“The notes will enable us to refinance the £200 million 6.75% bond ...

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4 Barclays 72,658.86 310 4.59%
5 Goldman Sachs 60,437.05 294 3.81%

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5 Morgan Stanley 12,912.93 86 6.47%

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2 SG Corporate & Investment Banking 15,447.25 71 5.28%
3 Barclays 15,378.47 64 5.26%
4 JPMorgan 15,122.46 66 5.17%
5 Citi 14,679.43 68 5.02%