London Stock Exchange welcomes Helical Bar plc to ORB
Tuesday 25th June 2013
London Stock Exchange today welcomes Helical Bar plc (“Helical Bar”), the property investment and development company, to its Order Book for Retail Bonds, with the launch of its 6.00% 2020 sterling bond, which raised £80 million (gross).
The transaction represents the debut retail bond issuance for Helical Bar and will enable the company to diversify its funding sources and extend the debt maturity profile of the Group.
Numis Securities Limited acted as Manager to the issue.
Michael Slade, Chief Executive of Helical Bar plc, commented:
“We are extremely pleased with the success of our first retail bond which received a particularly positive response from investors, exceeding our expectations. The bond provides the Company with access to a new source of funding whilst allowing us to extend the debt maturity of the Group.”