U.K. Borrowers Court Investors Willing to Put Brexit Behind Them

Premium for sterling corporate bonds may start to diminish
Portfolio managers see more interest from overseas funds

FILE: A pedestrian shelters from the rain beneath an umbrella as he passes construction hoardings decorated with British Union Jack flags in London, U.K., on Thursday, March 7, 2013. European Union and Jack flags as Brexit trade talks that were on the verge of a breakthrough descended into a fight between the U.K. and France on Thursday as the British government said prospects of an imminent deal had receded.Photographer: Simon Dawson/Bloomberg

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By Tasos Vossos

January 27, 2021 at 2:00 AM EST

This article is for subscribers only.

British companies’ increasing debt supply is attracting foreign investors willing to look past the stigma of Brexit.

Non-financial corporates in the U.K. including Tesco Plc and motoring firm AA Plc have raised more than $5 billion from euro and sterling-denominated issues this year, more than double the amount offered last January, based on data compiled by Bloomberg.

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