Platform Housing Group gets sterling demand for first new GBP trade in weeks

Bitten Pound
By Mike Turner
29 Jul 2020

Platform Housing Group, a UK social housing firm, got chunky demand from the sterling market on Wednesday, with the borrower benefitting from a dearth of deals in the currency.

The company, rated A+ by S&P, opted to go for an August 2055 trade, after marketing a deal with a 2050 to 2055 maturity earlier in the week. 

At initial price thoughts of 125bp over Gilts, the expected size was given as £250m ($327m), plus £50m retained by the ...

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