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St. Modwen generates 80m from bond issue

1st November 2012

St Modwen chief executive Bill Oliver

St Modwen chief executive Bill Oliver

REGENERATION specialist St. Modwen Properties has successfully raised £80m following the launch of its first retail bond.The Quinton-based firm mounted the fundraising initiative in an attempt to generate finance and cut debt.The bond had been targeted at private investors rather than large institutions and the company said it was delighted with the response.The FTSE-250 business is thought to have been targeting a response of between £50m to £100m.In a statement to the London Stock Exchange, St. Modwen said the a......for the full story register now for free or login below...

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