Sage lines up sterling trade as activity slows to trickle

By Mike Turner
17 Feb 2021

Sage Group, the UK business software company, is expected to bring a 10 year sterling trade on Thursday, as syndicate bankers say the dribble of deals seen this week looks like it will be the standard for the rest of the month.

Sage, rated BBB+ with S&P, is planning to issue a benchmark sized deal via Bank of America, JP Morgan and Lloyds. 

The company is speaking to investors on Wednesday, with the trade due on Thursday.

Sage is going to use £200m of the deal to repay a term loan and ...

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