Sterling inaugural nourishes Cargill (TT Apr07 p11)

The Treasurer April 2007

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Cargill (A2/A) came with its inaugural issue in the sterling space in February. The £150m 30-year issue paid a coupon of 5.375% and priced tighter than guidance at G+98bps. This transaction follows a period of marketing to UK investors who proved receptive to its credit story.

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