Bridge to bond

From ACT Wiki
Revision as of 18:07, 3 February 2018 by Doug Williamson (Talk | contribs) (Create page. Source: The Treasurer, Feb 2018, p25.)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

A bridge to bond facility is an interim borrowing facility used during the period when a bond issue is in process, but has not yet been completed.

Rapid start for National Express

"The National Express treasury team's year got off to a rapid start, having pre-funded its £350m bond maturing in January through the use of a £350m bridge to bond and subsequent issuance of a £400m seven-year bond in November 2016, paying a coupon of 2.5%."
The Treasurer magazine, February 2018, p25 - Deals of the Year.

See also