Taylor Wimpey begins £250m bond offering

first_img whatsapp Show Comments ▼ Monday 22 November 2010 7:53 pm Taylor Wimpey begins £250m bond offering More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com HOUSEBUILDER Taylor Wimpey rounded off its refinancing plan yesterday by announcing a new £100m debt facility and plans to sell £250m of five-year bonds. The news follows on from the firm’s £950m credit facility, which was announced last week as the last act by outgoing chief financial officer Chris Rickard. Prudential’s M&G UK Companies Financing Fund will provide the company’s £100m facility. The company has applied for a credit rating from Moody’s and Standard & Poor’s (S&P). S&P yesterday gave the firm a B+ rating for its bond issue, with a negative outlook due to uncertain market conditions.“We are likely to lower the rating if the company does not refinance its debt before July 2011 at the latest, or if the company does not manage its debt leverage very carefully while acquiring new land,” said S&P analyst Maxime Puget. The firm rejigged its debt last week in an effort to gain more flexible terms. Chief executive Pete Redfern said its new structure lifted conditions on buying new land. Shares closed up 3.3 per cent at 25.3p yesterday.ROYAL BANK OF SCOTLAND HOARE GOVETTANTONIA ROWANTAYLOR Wimpey’s bond issue will be coordinated by Royal Bank of Scotland’s corporate broking branch Hoare Govett and Barclays Capital, while Lloyds TSB Corporate Markets and HSBC will act as bookrunners.Antonia Rowan is a managing director of RBS Hoare Govett, and has been with the firm since 1999 when she joined from Merrill Lynch. She acted as joint broker for Taylor Wimpey’s predecessor George Wimpey when it merged with Taylor Woodrow in 2007, and has also worked with Tate & Lyle, Wolseley and Wm Morrison. She is joined by Hoare Govett managing director Iain Leigh-Pollitt. Tags: NULLcenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp Share last_img read more