SYDNEY, March 22 (Reuters) - Bank of Scotland, now owned by
British lender Lloyds Banking Group, will update
Australian bond investors this week on its operations, two fund
managers who have been directly contacted by Bank of Scotland
said on Monday.
The non-deal roadshows will include visits in Sydney on Wednesday and in Melbourne on Thursday. The presentations are directly arranged by the Bank of Scotland, the fund managers said.
Bank of Scotland was not immediately available to comment.
The bank is the latest of a growing number of borrowers that have recently planned 'non-deal roadshows', although these are often followed by bond issues.
Issuers tend to prefer calling such presentations non-deal or updates, to avoid execution risk if market conditions change.
(Reporting by Cecile Lefort)
((cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net)) Keywords: BOS/BONDS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The non-deal roadshows will include visits in Sydney on Wednesday and in Melbourne on Thursday. The presentations are directly arranged by the Bank of Scotland, the fund managers said.
Bank of Scotland was not immediately available to comment.
The bank is the latest of a growing number of borrowers that have recently planned 'non-deal roadshows', although these are often followed by bond issues.
Issuers tend to prefer calling such presentations non-deal or updates, to avoid execution risk if market conditions change.
(Reporting by Cecile Lefort)
((cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net)) Keywords: BOS/BONDS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.