Tate & Lyle first UK corporate back in the PP market

By Silas Brown
26 May 2020

UK food and ingredients company Tate & Lyle has sold a $200m US private placement, according to two sources familiar with the situation. Several agents have said that requests for proposals are now rolling in after a quieter few months.

Bank of America arranged the deal for the Baa2/BBB company, placing tranches of 10 and 12 years. According to sources in the market, the 2.91% 10 year note was priced at 220bp over US Treasuries, and the 3.01% 12 year at 230bp over.

Tate & Lyle has visited the ...

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