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.
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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