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Helical Bar launches seven year six per cent sterling retail bond


Helical Bar, the property investment and development company has launched a 6.00 per cent Sterling Bond due 2020, available to retail investors.

Michael Slade, chief executive of Helical Bar, says: “We are excited to be launching our debut retail bond into a market which is growing as a result of strong private investor interest for bonds issued by companies with established track records. The launch of this bond will enable us to further diversify our funding sources and extends the debt maturity profile of the Group.”
The bonds bear interest at a fixed rate of 6.00 per cent per annum, payable semi-annually in arrear in equal instalments. At any time during the life of the Bonds, investors are permitted to sell the bonds (within market hours and in normal market conditions) on the open market through their stockbroker.
Numis Securities is acting as manager on this issue.
The authorised offerers are:
·         Barclays Stockbrokers
·         Killik & Co
·         NCL Investments
·         Redmayne Bentley
·         Talos Securities (T/A Selftrade)
·         WH Ireland
The bonds have a minimum initial subscription amount of GBP2,000 and are available in multiples of GBP100 thereafter. 
The bonds are expected to be listed on the UK Listing Authority’s Official List and admitted to trading on the London Stock Exchange’s regulated market and through the electronic order book for retail bonds.

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