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.”