RSA twice subscribed for senior deal in ‘compelling’ sterling market

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By Tyler Davies
21 Aug 2019

RSA Insurance Group won strong demand for a new £350m senior unsecured offering this week, as bankers spoke of appealing conditions in the sterling market.

The UK insurance company opened the books on its five year senior bond through Citi and HSBC on Tuesday morning.

Pricing began in the 145bp area over Gilts, at which level the lead managers were able to attract more than £500m of orders within about an ...

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