22nd Mar

Provident Financial raises £65m in less than four days

Provident Financial have raised £65m in less than four days from their latest bond issue

Phil Shepherd, Group Treasurer of Provident Financial plc commented “I am very pleased to announce that our fourth issue of bonds to be listed on the London Stock Exchange’s ORB platform raised £65 million and that the offer period was closed after less than four days. 

The demand from brokers and their retail customers was extremely strong reflecting the company’s investment grade credit status. I am delighted that the retail bond market continues to develop and provides an important strand to Provident Financial’s programme to diversify and lengthen the maturity of its funding. I would like to thank all the brokers, their customers and the arrangers for their support and contribution to the success of our fourth retail bond issue.”

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