UK Firms Chase Pound Bond Demand After Alphabet’s Big Deal

The sterling bond market continued to show its depth after the bumper Alphabet Inc sale, with three UK firms raising new debt on Wednesday.

Marks & Spencer Plc sold £300 million ($411 million) in its first deal since a cyberattack hit the retailer last year. Gatwick Airport Ltd priced new notes through a financing entity, and Anglian Water Group Ltd issued a £350m senior secured bond, according to people familiar with the matter who asked not to be identified.