Paragon Group of Companies closes bonds offer period early

The Paragon Group of Companies, a specialist buy-to-let and consumer finance group, has closed early the offer period for the issue of six per cent unsecured sterling retail bonds.

The Paragon Group of Companies, a specialist buy-to-let and consumer finance group, has closed early the offer period for the issue of six per cent unsecured sterling retail bonds.

The total nominal amount of the notes that are to issued is £60m.

The issue of the notes was announced on February 13th, and was originally scheduled to close on February 26th.

Nigel Terrington, the Chief Executive of Paragon, said: "We are delighted with the success of our debut retail bond. The positive response from investors demonstrates the attractiveness of Paragon. The bond complements our already strong balance sheet, allows us to diversify our funding base and extend the tenor of our borrowings."

The share price climbed 0.93% to 315.20p by 14:30.

NR

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