Scottish Mortgage returns to US PP market

spey in spate scotland
By Silas Brown
13 Nov 2019

Scottish Mortgage Investment Trust is selling US private placements, some 18 months since its last outing in the market.

Santander is arranging the transaction, according to market sources, which is set to close next week.

Last year, the trust raised £170m via Santander. There was a 20 year note for £30m with a fixed coupon of 2.91%, a £50m 23 year note with a fixed coupon of ...

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