Paragon celebrates retail bond by opening LSE

SOLIHULL-based specialist finance provider and acquirer of loan portfolios, Paragon Group opened the London Stock Exchange on the day that trading began on its inaugural retail bond.

Nigel Terrington, Chief Executive of Paragon Group, opened trading along with colleagues from the business on what was a landmark day for the FTSE 250 company.

Paragon, which has offices in three locations in and around Solihull, launched its first retail bond last month and received such a high level of interest it closed the offer four days early.

Mr Terrington said: “It was a privilege to open trading at the London Stock Exchange during such an exciting time for the group. We are delighted with the positive response we received from retail investors on the launch of our first retail bond.

“Building on last year’s record profits we continue to grow our business through lending and the acquisition of loan portfolios.”

Paragon is currently recruiting for people to join its customer services based in Solihull.