UK: Market response strong to Tate & Lyle's £200m bond issue
UK sugar and starch company Tate & Lyle has issued £200m (US$296.6m) of bonds. The deal was lead managed by Schroder Salomon Smith Barney (SSSB), together with HSBC. SSSB said that investors had reconfirmed their orders after CEO Larry Pillard stood down. The bond deal had been scheduled for last week but was delayed after Pillard announced he would step down.
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