UK
-
Listed investment company is striving to cut debt costs -
◆ Two sterling AT1s price within 3 days ◆ Strategy limits foreign currency losses ◆ BIL sells euro AT1 with no premium
-
Bank targets higher yields after disposing of its prime mortgage book last year
-
◆ Three sterling deals come at once ◆ Some orderbook attrition displayed ◆ Investors say they want more sterling
-
The specialist lender's rare appearance in the market will be for £500m
-
£900m equity raise plans come as Southern tries to save its investment grade rating
-
Company is evaluating equity bids
-
Issuer slips a notch as debt to regulatory capital metric worsens
-
Deal replaces facility due to mature next year
-
Other markets overshadow labelled public sector issuance in sterling
-
Choice of 10 year tenor key to success, says DMO
-
◆ Deal is TSB’s second in euros ◆ Minimal concession paid ◆ Bond offers single digit spread over UK peers
