Advertisement
UK markets close in 3 hours 10 minutes

  • FTSE 100

    8,119.52
    +40.66 (+0.50%)
     

  • FTSE 250

    19,808.26
    +206.28 (+1.05%)
     

  • AIM

    754.74
    +1.62 (+0.22%)
     

  • GBP/EUR

    1.1669
    +0.0012 (+0.11%)
     

  • GBP/USD

    1.2507
    -0.0004 (-0.03%)
     

  • Bitcoin GBP

    51,415.80
    +257.20 (+0.50%)
     

  • CMC Crypto 200

    1,386.27
    -10.27 (-0.74%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CRUDE OIL

    84.35
    +0.78 (+0.93%)
     

  • GOLD FUTURES

    2,356.00
    +13.50 (+0.58%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,053.10
    +135.82 (+0.76%)
     

  • CAC 40

    8,042.48
    +25.83 (+0.32%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

UPDATE 1-Santander out with new dollar bond

Reuters - UK Focus

(Corrects to indicate previous deal was offered by US unit)

By Mike Gambale

NEW YORK, Oct (HKSE: 3366-OL.HK - news) 13 (IFR) - Santander UK Group Holdings has mandated banks for a US dollar-denominated bond deal to price on Tuesday, just weeks after a US unit of the bank pulled a planned offering.

Bank of America Merrill Lynch, Barclays (LSE: BARC.L - news) , HSBC and Santander set initial price thoughts on the five-year unsecured bond at Treasuries plus 170bp-175bp.

On September 28 Santander Holdings USA pulled a two-part bond with three and five-year maturities that was being led by Citi, JP Morgan, Santander and UBS (NYSEArca: FBGX - news) .

ADVERTISEMENT

The investment-grade bond market was caught up in a broad-based sell-off in financial markets at the time, but has started to make a comeback.

Among other issuers in the market Tuesday are BBVA (Amsterdam: BA6.AS - news) , which is selling a five-year bond, Mizuho Bank, with both senior and subordinated trades, and Mitsubishi UFJ Trust and Banking Corp.

Fidelity National Information Services (NYSE: FIS - news) and SC Johnson & Son are also in the market.

Fifteen issuers raised US$20bn last week, ushering in a turnabout in sentiment in tandem with a bounce back in equities, and bankers are expecting some US$15bn-20bn more this week with FIG leading the way.

Earnings are also in focus, with JP Morgan reporting results after Tuesday's close. (Reporting by Mike Gambale; Writing by Natalie Harrison; Editing by Marc Carnegie)