IN BRIEF: London Stock Exchange readies large 3-year bond offering
London Stock Exchange Group PLC - London-based exchange operator and provider of market data - Prepares for a "benchmark" three-year sterling bond offering by mandating a string of banks and brokers to act as managers and distributors. The offering will be of fixed-rate 'plain vanilla' listed bonds guaranteed by LSEG. They will be issued under the company's GBP10 billion euro medium-term note programme, but the size, interest rate, issue price and yield are still to be determined by the syndicated bookbuild process. This will be led by Barclays, HSBC, Lloyds Bank Corporate Markets PLC, NatWest, and RBC Capital Markets. A separate offer to retail investors will be distributed by Winterflood. Read More