Dyson first UK firm to sell PPs under clouds of Covid-19

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By Silas Brown
02 Apr 2020

Dyson has become the first UK company to sell private placements in the past month, as the coronavirus complicates primary issuance and the market instead focuses on amendments to existing deals. Sources said the UK manufacturer succeeded because it was realistic over the price it would have to pay.

Barclays and MUFG arranged the deal for Dyson, a privately-owned company known for its innovative vacuum cleaners and hair dryers.

According to market sources, Dyson sold $382m-equivalent in euros and yen across tenors ranging between 10 and 15 years. There were two hefty orders from US institutions, according ...

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