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Optivo Finance PLC (20SY)

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Thursday 17 September, 2020

Optivo Finance PLC

Issue of Debt

RNS Number : 3248Z
Optivo Finance PLC
17 September 2020
 

Tap of £150,000,000 5.25 per cent. secured bonds due 2043

 

 

Optivo Finance plc

17 September 2020

 

Optivo has raised £150m (with £50m retained) of 18 month deferred funding, via a tap of its 5.25% 2043 bonds, bringing the outstanding amount to £300m.  The tap was priced at Gilts+150bps, a re-offer yield of 2.213%. Optivo will receive £151m proceeds from the sale.

Lloyds Bank Plc acted as Placement Agent.

Optivo has retained bonds for its 2035 (£100m) and 2043 (£50m) maturities and welcome reverse enquiry interest for deferred funding.

 

For further information, please contact:

 

Name and Address:  Tariq Kazi

  Grosvenor House

  125 High Street

  Croydon

  CR0 9XP

 

Telephone:   07866 046 024

Email:   [email protected]

 

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