UK
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◆ First sterling benchmark from UK water this year ◆ Lands inside fair value ◆ Comes amid wild moves in rates market -
Loan brings to total revolving credit to £850m
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Listed investment company is striving to cut debt costs
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◆ Two sterling AT1s price within 3 days ◆ Strategy limits foreign currency losses ◆ BIL sells euro AT1 with no premium
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Bank targets higher yields after disposing of its prime mortgage book last year
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◆ Three sterling deals come at once ◆ Some orderbook attrition displayed ◆ Investors say they want more sterling
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The specialist lender's rare appearance in the market will be for £500m
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£900m equity raise plans come as Southern tries to save its investment grade rating
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Company is evaluating equity bids
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Issuer slips a notch as debt to regulatory capital metric worsens
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Deal replaces facility due to mature next year
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Other markets overshadow labelled public sector issuance in sterling
