Together prints first sterling HY of 2021

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By Owen Sanderson
13 Jan 2021

Together Money launched a £450m secured bond on Wednesday, the first sterling issue in the high yield market this year. The specialist mortgage lender was refinancing a bond due in 2024 and paying down some of the drawings under its Charles Street conduit securitization.

Citi and Goldman Sachs unveiled the six year non-call two issue, rated BB-/BB-, on Wednesday morning, with pricing slated for Thursday.

Following investor marketing on Wednesday, leads released price thoughts of 5.5%-5.75% on Thursday morning, revised to 5.25%-5.5% by lunchtime, with final pricing at the tight end of ...

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