£14bn book firms up Rolls-Royce rescue plan

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£14bn book firms up Rolls-Royce rescue plan

Owen Sanderson
October 15, 2020 02:00 PM
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Emblem of the Rolls-Royce on the engine of the Trent XWB of the wide-body jet airliner Airbus A350 XWB, on April 25, 2018 in Berlin, Germany. | Sergey Kohl/Sergey Kohl - stock.adobe.com

The bond piece of Rolls Royce’s £5bn Covid-19 rescue plan was a storming success this week. The issue doubled in size on the back of a combined book of £14bn, showing the firm still has excellent access to private sector liquidity — a strong message as Rolls turns to shareholders for a £2bn rights issue.

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