Ladbrokes Launch 5.125 Percent Sterling Bonds Offer

Allows Ladbrokes to diversify sources of debt finance

Ladbrokes plc's wholly-owned subsidiary Ladbrokes Group Finance plc (LGF) has announced the launch of a retail bond which will enable Ladbrokes to diversify its sources of debt finance and extend the maturity profile of its debt.

The 5.125 percent Sterling Bonds are available to wholesale and retail investors, are guaranteed by Ladbrokes, offer a fixed rate of interest of 5.125 percent per annum payable twice yearly and mature on September 16, 2022.

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 (ORB).

A minimum initial subscription amount of GBP 2 000 is required and are available in multiples of GBP 100 thereafter. Investors are permitted to sell the bonds at any time during the period to maturity on the open market through their stockbroker.

Barclays Bank PLC, Canaccord Genuity Limited and Lloyds Bank plc will act as Joint Lead Managers on this issue.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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