Helical Bar plc, the property investment and development company has launched a 6.00% Sterling Bond due 2020 available to retail investors.
Michael Slade, Chief Executive of Helical Bar plc, commented:
"We are excited to be launching our debut retail bond into a market which is growing as a result of strong private investor interest for bonds issued by companies with established track records. The launch of this bond will enable us to further diversify our funding sources and extends the debt maturity profile of the Group."
The Bonds bear interest at a fixed rate of 6.00% per annum, payable semi-annually in arrear in equal instalments. At any time during the life of the Bonds, investors are permitted to sell the Bonds (within market hours and in normal market conditions) on the open market through their stockbroker.
Numis Securities Limited is acting as Manager on this issue.
The authorized offerors are:
• Barclays Stockbrokers Limited
• Killik & Co. LLP
• NCL Investments Limited
• Redmayne Bentley LLP
• Talos Securities Limited (T/A Selftrade)
• WH Ireland Limited
The Bonds have a minimum initial subscription amount of £2,000 and are available in multiples of £100 thereafter.
The Bonds are expected to be listed on the UK Listing Authority's Official List and admitted to trading on the London Stock Exchange's regulated market and through the electronic Order Book for Retail Bonds.
Source: Helical Bar