4th Dec

TULLETT PREBON Brokers Deal Early

Tullett Prebon, the world’s second largest inter-broker dealer, has confirmed that the 5.25% retail bond announced on Retail Bond Expert on 22nd November will now close early at 1.00 p.m on Wednesday 5th December.   

The bond, due 11th June 2019, was originally scheduled to close at 12.00 noon on Thursday 6th December, and is believed to have attracted significant interest amongst retail investors.   

The BBB (Fitch) rated company launched the unsecured bond via joint lead managers Lloyds Bank and RBS.   

The early closure of the Tullett bond follows closely behind the early closure of the 6.125% bond issue by student digs provider UNITE Group, which is believed to have exceeded the upper end of its revenue predictions, and confirms the appetite for well structured and well priced products following the cancellation of the 5.5% bond planned by Stobart Group on 26th November.

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