TalkTalk boosts size of year’s second sterling

By Owen Sanderson
13 Feb 2020

UK cable company TalkTalk sold only the second sterling high yield issue of the year, seeing strong demand and boosting the size of the offering on the back of skinny supply in the currency.

Left lead HSBC unveiled a £500m unsecured five year to take out TalkTalk’s 5.375% 2022 and pay down a portion of its revolver. However, strong execution through a quiet week in high yield meant there was enough demand to boost the size to £575m, chipping away further ...

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