Johnson Matthey looks for PPs as dollars prove a safer bet

By Silas Brown
25 Mar 2020

UK chemicals firm Johnson Matthey is looking for a target of $300m US private placement funding, with arrangers more confident of selling dollar debt than euro or sterling flavours.

Bank of America, Citigroup and HSBC are arranging the deal, offering investors opportunities at seven, 10 and 12 years.

Johnson Matthey have issued in the US PP market several times before. It last entered in December 2018 and sold roughly $250m-equivalent in euros and sterling at seven and ...

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