Motability plans benchmark sterling 10-yr bond-IFR

Newswire

LONDON, April 21 (Reuters) - British not-for-profit firm Motability Operations Group plans to issue a benchmark sterling bond maturing in December 2019, said IFR on Tuesday.

Guidance has been set at 340 to 350 basis points over the 4.5 percent gilt of 2019, said IFR, a Thomson Reuters online news and market analysis service.

Motability, which leases cars to disabled people in a government-sponsored scheme, has named Barclays, HSBC, Lloyds TSB and Royal Bank of Scotland ...

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