Wellcome Trust £750 million 2.517% bond issue

Value:

£ 750 million

Dollar value:

$ 1.047 billion

Status:

Completed

Date:

2/2/2018

Overview:

Wellcome Trust has issued £750 million in senior bonds.
The 2.517% bonds are due 2118.
This is the lowest coupon rate for a 100-year Sterling bond.
JP Morgan has acted as lead manager, while co-managers were Bank of America Merrill Lynch and Morgan Stanley.

Katrin Kostadinova - Data analyst

Jurisdiction:

United Kingdom

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

England and Wales

Industry sector:

Financial services

Firms:

CMS Cameron McKenna Nabarro Olswang

Party: Wellcome Trust (Issuer)

Lawyers: Jason Harding, Michael Cavers

Linklaters

Party: JP Morgan (Lead manager)

Party: Bank of America Merrill Lynch (Co-manager)

Party: Morgan Stanley (Co-manager)

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2/2/2018

Investment grade bond/note issue

Overview:

Jurisdiction:

Deal type:

Practice area:

Governing law:

Industry sector:

Firms:

Related deals

Bank of China dual-currency (HK$4 billion 1.95% and MUP1 billion 1.90%) senior SMEs social bond issue

DBS Group Holdings $1 billion 3.30% perpetual capital securities issue

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Menara Investments €1 billion bond programme

Credit Suisse €1.25 billion 0.65% bond issue

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