London & Quadrant brings in strong sterling demand

housing 230x150
By Ross Lancaster
27 Apr 2016

London & Quadrant Housing Trust rode the waves of strong demand for corporate sterling paper on Wednesday as it achieved a minimal new issue premium for a bond that was over three times oversubscribed.

The issuer, rated A1/AA, came to market on Wednesday seeking a benchmark 10 year transaction,

Bookrunners Goldman Sachs, HSBC and Santandergave initial price thoughts in the 120bp area over the 2% 2025 Gilt.

The order book grew quickly, reaching around £1bn by the ...

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