Ladbrokes plc’s wholly-owned subsidiary Ladbrokes Group Finance plc (LGF) has announced the launch of a retail bond which will enable Ladbrokes to diversify its sources of debt finance & extend the maturity profile of its debt.
The 5.125 percent Sterling Bonds are available to wholesale & retail investors, are guaranteed by Ladbrokes, offer a fixed rate of interest of 5.125 percent per annum payable twice yearly & mature on September 16, 2022.
The Bonds are expected to be listed on the UK Listing Authority’s Official List & admitted to trading on the London Stock Exchange’s regulated market & through the electronic Order Book for Retail Bonds (ORB).
A minimum initial subscription amount of GBP 2 000 is required & are available in multiples of GBP 100 thereafter. Investors are permitted to sell the bonds at any time during the period to maturity on the open market through their stockbroker.
Barclays Bank PLC, Canaccord Genuity Limited & Lloyds Bank plc will act as Joint Lead Managers on this issue.
source : www.casinos-online.co.uk
