London Stock Exchange Group's £300 million retail bond lists on ORB

  • London Stock Exchange Market Open

Monday 5th November 2012

London Stock Exchange Group’s CFO, David Warren, officially opened London trading on Monday 5 November to mark the listing of the Group’s inaugural retail bond (LSE1).

The 9 year sterling denominated 4.75% bonds raised £300 million and is the largest corporate bond to be issued through London Stock Exchange’s Order book for Retail Bonds (ORB) to date.

ORB was launched in February 2010 in response to strong private investor demand for greater access to fixed income products. Over £2.7 billion has been raised on the platform since it was founded.

Barclays, Lloyds Bank and Royal Bank of Scotland acted as Joint Lead Managers on the issue.

Authorised Distributors for the issue were: Barclays Stockbrokers, Charles Stanley, Killik & Co., Halifax Share Dealing, Hargreaves Lansdown, Numis Securities, Peel Hunt, Redmayne-Bentley LLP, Selftrade (execution only), Shore Capital, Smith and Williamson, and Stocktrade (a division of Brewin Dolphin).