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Citigroup Offers Rare Pound Bond as Brexit Deal Prospects Fade

From bnnbloomberg.ca

Citigroup Inc. is marketing a rare pound bond amid growing skepticism that a Brexit deal will be agreed this month. The U.S. banking giant is offering a benchmark-sized sale of seven-year notes at about 150 basis points above U.K. gilts, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. It’s only the second pound note sale this week, following a rush of deals in September. Citi is the sole bookrunner on the deal. Prospects of a Brexit deal being agreed are fading Wednesday, as Boris Johnson’s Northern Irish allies resist plans drawn up ... (full story)

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