L&G wins strong demand for T2 in undersupplied sterling market

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By David Freitas
19 Nov 2019

Legal & General Group (L&G) was four times subscribed for a £600m tier two in the sterling market this week, as it looked to strengthen its capital position.

L&G opened books on its 30 year non-call 10 tier two on Tuesday morning, when it said it was “taking advantage of current market conditions”.

The UK financial services group picked Bank of America, Barclays, BNP Paribas, HSBC, JP Morgan and NatWest ...

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