Together prints first sterling HY of 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 ...Already a subscriber? Login