Grainger starts roadshow for £200 million seven-year bullet offering

By Paul A. Harris

Portland, Ore., Nov. 18 - England-based Grainger plc began a roadshow in London on Monday for its £200 million offering of non-callable seven-year guaranteed secured notes, according to a market source.

The roadshow remains in London on Tuesday and moves to Edinburgh on Wednesday.

Barclays, HSBC, Lloyds TSB and Royal Bank of Scotland are the active bookrunners.

Royal Bank of Scotland will bill and deliver.

Proceeds from the Regulation S only deal will be used to repay debt.

Grainger is a Newcastle upon Tyne, England-based residential property management company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.