Second time lucky for Macquarie’s delayed sterling debut
Macquarie Bank took a second shot at its inaugural sterling senior unsecured deal on Wednesday, having postponed the trade in late 2013. This time, the deal found enough real money interest — primarily out of the UK, Asia and Switzerland —to build a £450m book for the £250m trade.
The bank originally mandated lead managers on December 10, but pulled back from the transaction to allow investors more time to do their credit work, a banker involved with the deal said at the time.Lead managers Lloyds, Macquarie, National Australia Bank ...
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