Stobart Group considering bond issue
Published at 08:09, Thursday, 08 November 2012
Stobart Group is said to be considering raising £25m in the City with a bond issue.
The bond issue would help finance the company's continued expansion including the development of Carlisle Airport and city commentators expect it to offer a return of around 5.5 per cent.
The bond issue will allow Stobart to retire some of its existing bank loans from M&G and keep its average interest rate at 5 per cent.
Stobart has yet to make an official announcement on the bond issue, but it has been widely touted by finanical pundits who regard it as a good investment should it materialise.
Read more at the Investors Chronicle
Published by http://www.in-cumbria.com
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