Travis Perkins makes bond debut as Scots referendum fears unsettle UK markets

By Olivier Holmey
11 Sep 2014

UK building materials distributor Travis Perkins on Monday set the final yield at 4.375% on its debut £250m seven year bond, just as the sterling bond market braced itself for the impact of a potential Yes vote in the Scottish independence referendum.

Bookrunners Barclays, Lloyds Bank and Royal Bank of Scotland closed the book at 11am London time, with more than £750m of demand, according to one banker, and just under £900m according to another. The initial price ...

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