London Stock Exchange Group welcomes Alpha Plus Holdings plc to the Order Book for Retail Bonds
London Stock Exchange Group (LSE Group) today again welcomes Alpha Plus Holdings plc (Alpha Plus), a leading independent schools group, to its Order Book for Retail Bonds, with the launch of its second secured bond, the 5.00% 2024 retail bond, which raised £80 million.
The bond is secured against a portfolio of freehold and leasehold educational premises mainly situated in Central London. Alpha Plus is owned by DV4 Limited which is advised by Delancey Real Estate Asset Management Limited. The Group owns and operates 18 high quality independent schools, nurseries and sixth form colleges throughout the UK.
Julian Drinkall, Chief Executive Officer, Alpha Plus, said
“The private education sector continues to demonstrate terrific resilience with impressive growth in the London independent day school market. With its high income generation and counter cyclical characteristics the sector is well suited to the retail bond market. Alpha Plus has a proven track record for delivering a high standard of educational care with a predominant focus on the quality end of the London market, whilst also acting as caretaker to a significant portfolio of largely London property, over which the majority of the new bond will have security.”