UK corp buyers show £ strength with RAC trade

RAC
By Ross Lancaster
28 Apr 2016

The sterling bond market gave a defiant reminder of its capacity for corporate paper this week, blowing away the memories of a so far underwhelming year that has been dominated by Brexit fears and undersupply. Ross Lancaster reports.

After nearly four months of halting activity, two corporate issuers, RAC and London & Quadrant Housing Trust, this week tapped the sterling bond market to great effect. Both issuers drew chunky order books by the standards of the market, proving that investors in the asset class are happy ...

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