Deals
Investec Plans Its First Sale of U.K. Mortgage Notes Since ‘07
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Investec Plc plans to offer bonds backed by U.K. prime and non-conforming mortgages in the South African investment and private bank’s first public sale of the notes in Europe since March 2007.
The lender intends to issue from 175 million pounds ($267 million) to 250 million pounds of bonds, Richard Downer, Investec’s London-based head of banking and institutions group said in an interview. The transaction may be ready by year end, he said.