Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Saltaire Finance issues new guaranteed secured bonds

Published 12/03/2024, 07:54 PM

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.