Pershing Square Holdings talks 10-year notes at 195 bps spread area

By Cristal Cody

Chicago, Sept. 28 – Pershing Square Holdings, Ltd. is readying a sale of 10-year notes with spread talk in the Treasuries plus 195 basis points area, a market source reported.

Investor calls started on Thursday for an offering of dollar- and euro-denominated notes, as previously reported.

Citigroup, Deutsche Bank, Jefferies and UBS are handling the sale.

Based in London, Pershing Square is an investment holding company structured as a closed-end fund.

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