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Santander UK revamps dollar bond deal

Reuters - UK Focus

By Mike Gambale

NEW YORK, Oct (HKSE: 3366-OL.HK - news) 13 (IFR) - Santander UK Group Holdings has revived a bond deal it pulled last month in choppy market conditions, and has hired new banks to sell the deal.

Bank of America Merrill Lynch, Barclays (LSE: BARC.L - news) , HSBC and Santander aim to price the five-year unsecured bond on Tuesday.

The issuer pulled a prior deal - a two-part bond with three and five-year maturities - on September 28. Citi, JP Morgan, Santander and UBS (NYSEArca: FBGX - news) had been mandated for that trade. (Reporting by Mike Gamable; Writing by Natalie Harrison; Editing by Marc Carnegie)