Stobart Group raises £53m through placing of bonds

Stobart was part of bid for Flybe
Stobart Group has raised £53.075m through a bonds issue, today. The Carlisle-based aviation, energy and civil engineering group said its wholly-owned subsidiary, Stobart Finance, had placed the bonds which have a five-year maturity. The net proceeds of the bonds are intended to be used to support the company's growth plans for aviation and energy, it said. Settlement and delivery of the bonds is expected to take place on May 8, and it is intended that application will be made for the bonds to be admitted to trading on the op... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...