Scottish & Southern poised to reopen the market for corporate hybrid bonds

by ,

first_img KCS-content Scottish & Southern poised to reopen the market for corporate hybrid bonds Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comHero WarsBig Boss of internet games!Hero WarsFolliboost Haircare SerumThinning Hair? Use this For 1 Month and See What HappensFolliboost Haircare SerumFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm Oracle whatsapp Sharecenter_img whatsapp UTILITY Scottish & Southern (SSE) is poised to reopen the European corporate hybrid bond market this week, giving investors a rare chance to pick up yield and the company an alternative source of capital.Lead managers said the size and price of SSE’s planned issue would be decided following the end of a week-long roadshow to meet with investors, but they expect the issue to be launched by the end of the week.A deal from SSE would be only the second corporate hybrid issue this year, following Dutch utility TenneT’s €1.5bn (£1.2bn) transaction in February. French utility Suez Environnement is also due to kickstart a roadshow for a hybrid issue tomorrow. The issues would be SSE and Suez debuts in the hybrid market.“The structure of the SSE deal will be very similar to TenneT,” said Gavin Kirkpatrick, capital structuring and advisory banker at Royal Bank of Scotland, who was a structuring adviser on both the TenneT and SSE hybrids.While TenneT had dual-call dates at 7- and 12-years, the SSE issue will have 5- and 10-year call dates, he said.Companies can use hybrids, which are a blend of debt and equity, to raise capital more quickly than a rights issue. They also have the key benefit of not diluting shareholders, like traditional equity capital. The riskier nature of hybrids, mainly that the issuer will not redeem the debt at the stated call dates, means investors demand a higher return than senior bonds. Tuesday 7 September 2010 10:37 pm Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *