Grainger

See that Grainger have just announced a Fixed Income Road Show - expected maturity 8-10 years. Should be interesting. I don't expect a high interest rate though.

http://otp.investis.com/clients/uk/graingerplc/rns/regulatory-story.aspx?cid=505&newsid=998278

Comments


  • Don't like the look of this phrase though !!

    No PRIIPs key information document (KID) has been prepared as the Bonds are not available to retail in EEA.
  • Just took a look at their financials:

    ""(c) Corporate bond
    The £275m, 5.0% secured corporate bond, due December 2020, was issued in the financial year ended 30 September 2014. The primary issue was £200m issued at par in November 2013 with a secondary tap issue in August 2014 of £75m issued at 101.125%. "

    As the aim is to refinance at lower cost, your guess as to interest rate will be better than mine.
  • Woz: Not meant for the likes of us? Certainly fits the trend of trying to stop 'retail' investors. IAE, interest rate is likely to be on the low side, maybe with a £100k min.
  • Not for retail but just by way of comparison - 3.375% for 10 years.
  • Wouldn't be intrested in that anyway !!!
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