22nd Nov

Tullett Prebon Announces Retail Bond at 5.25%

Tullett Prebon, the world’s second largest inter-broker dealer has today announced the issue of a retail bond on ORB.

  The BBB (Fitch) rated company has launched the unsecured bond with a maturity date of 11th June 2019 via joint lead managers Lloyds Bank and RBS.  

The bond is issued in denominations of £100 with a minimum subscription of £2000, and is seen as further opportunity for those wishing to balance their portfolio in the retail bond space.  

Tullett Prebon operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks.  

The business covers seven major product groups: Volatility, Rates, Non Banking, Treasury, Energy and Commodities, Credit, and Equities. Tullett Prebon's electronic broking division offers electronic solutions to these products.  

In addition to its brokerage services, Tullett Prebon offers a variety of financial market information services through its IDB Market Data division, Tullett Prebon Information.  

Amongst other high-profile activities, the company is a sponsor of the London Boat Show.  

Led by the charismatic and outspoken Chief Executive, Terry Smith, Tullet Prebon has a market capitalisation of £493m and was trading today at 226.00p.  

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