UK's Great Rolling Stock Company Plans Roadshow For Debut Bond

2nd Jul 2010 09:56

LONDON (Dow Jones)--The Great Rolling Stock Company Ltd. is planning a roadshow next Tuesday through Thursday for a debut bond issue under its GBP4 billion financing program, one of the banks running the sale said Friday. Lloyds Banking Group PLC, Goldman Sachs Group Inc. and the Royal Bank of Scotland Group PLC are lead managers on the deal. The bonds, which will be secured against assets of the Angel Financing Group, will also be guaranteed by Willow Holdco 2 Ltd., Willow Bidco Ltd., Willow Rolling Stock UK Ltd., Angel Trains Group Ltd., Angel Trains Ltd., Train Finance 1 Ltd., Angel Locomotive Leasing Ltd., Angel Finance Holding Ltd., West Coast Train Finance Ltd. and Angel Leasing Company Ltd. The proceeds will be used for the initial refinancing of existing bank debt within the broader Angel Financing Group. The deal is expected to carry a rating of BBB from Standard and Poor's Corp. -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires July 02, 2010 04:56 ET (08:56 GMT)