We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

Close

registration required

or
for more website access

This content can only be viewed by subscribers and registered users of Investors Chronicle.

Subscribe or register free today

Stobart to deliver retail bond

A common complaint about the London Stock Exchange's ORB retail bond market is a lack of opportunities for diversification, with bonds issued mainly by financial services companies and those carrying higher levels of risk such as property developers. The addition, therefore, of a new bond issued by the iconic transport and infrastructure company Stobart (STOB) will do much to broaden the range of bonds retail investors can buy or, as one fund manager put it: "At last a company that actually does something". At the time of writing, Stobart had yet finalise the terms of its issue but market sources indicated that the company is looking to raise slightly more than £25m with a coupon expected to be around 5.5 per cent.

registration required

visible-status-Standard story-url-Stobart bond analysis 61112.xml

By Julian Hofmann,
07 November 2012

Print this article
Comments

Related Companies

Register today and get...

Register today and get...
Please note terms & conditions apply