BT and BA keep US bonds alive as banks fear for H2 volumes

By Jon Hay
28 Jun 2013

Two UK borrowers braved the volatility in the US credit markets this week, while domestic issuers remained on the sidelines, as a senior US Federal Reserve official moved to reassure markets.

BT Group and British Airways tested the market on Tuesday with new issues, while ITC Holdings was the only US company to come to market, printing a $550m deal.

Telecoms company BT, a defensive name and well-known global borrower, paid a new issue concession of 20bp to entice ...

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