LONDON - Saltaire Finance plc, an England and Wales incorporated entity, has announced the issuance of £83.5 million in guaranteed secured bonds, under its existing £6 billion bond program. The bonds, with a 4.818 percent interest rate, are due in 2033/2035 and will be consolidated with previous issuances totaling £644.5 million.
The newly issued bonds are part of a series that began with an issuance on December 1, 2023, and have since seen additional bonds released on March 21, August 6, and October 4, 2024. These bonds are unconditionally and irrevocably guaranteed by the Secretary of State for Housing, Communities and Local Government, a role recently reassigned from the Secretary of State for Levelling Up, Housing and Communities.
The Financial Conduct Authority has been approached for the listing of the bonds on the Official List, and an application for trading on the London Stock Exchange (LON:LSEG) has been submitted. This move follows the publication of a pricing supplement dated November 29, 2024, and is in accordance with the Market Abuse Regulation (EU) 596/2014 as part of UK law.
Interested parties can access the pricing supplement and the program memorandum, which was issued on March 13, 2024, online. These documents provide detailed information about the bond program and the specific terms of the issuance. They have also been submitted to the National Storage Mechanism, ensuring availability for public inspection.
The announcement, made by Alasdair Watson of Intertrust Directors 1 Limited on behalf of Saltaire Finance plc, is part of the company's regulatory obligations to keep the market informed of significant financial developments. This information is based on a press release statement.
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