Realty Income brings rare sterling bond from US issuer
Realty Income, the US Reit, visited the sterling market for a long 10 year bond on Wednesday, and deal-hungry investors piled in.
Realty Income, rated A3/A-, opened books for a benchmark December 2030 trade at 170bp over Gilts.
Bookrunners Barclays, Credit Suisse and Goldman Sachs amassed demand of £1.2bn and the issuer set the amount at £400m.
The deal was priced 20bp inside initial price thoughts at 150bp over.Realty Income will use ...