Job done for Arqiva as £164m bond sells
Arqiva, the UK broadcasting masts business, returned to the bond market on Wednesday for a bespoke £164m issue from its whole business securitization, which found ample demand, helped by a juicy new issue premium.
The company issued its first bonds in February 2013, with two senior tranches totalling £750m, rated BBB/BBB and a £600m junior tranche rated B3/B- by Moody’s and Fitch.
In May, it also issued a private placement, raising $358m and £247m of 12 year senior bonds at 4.42%.Today’s ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org