London Stock Exchange welcomes Bruntwood to the Order Book for Retail Bonds
Thursday 25th July 2013
London Stock Exchange welcomes Bruntwood, the family owned property company operating in Manchester, Leeds, Liverpool and Birmingham, to its Order Book for Retail Bonds, with the launch of its 6% secured 2020 debut retail bond, which raised £50 million.
With a portfolio of 110 office buildings valued at £891m, Bruntwood leases to more than 2000 businesses in Manchester, Birmingham, Leeds and Liverpool.
Gillian Walmsley, Head of Fixed Income at London Stock Exchange, said:
“We’re delighted to welcome Bruntwood to London Stock Exchange this morning. The successful fundraising demonstrates the growing appetite amongst private investors to use the Order Book for Retail Bonds to help diversify their portfolios through a liquid and transparent market.”
Chris Oglesby, Chief Executive Officer, Bruntwood, commented:
“We're really pleased to have raised £50m against a very difficult market backdrop, a testament to the strength of the company and our brand, particularly in the regions where we saw strong demand.
”The response to Bruntwood has been very positive, both from those familiar with the business and those who were new to us, meaning that we saw a very broad range of investors.”