Stobart bond issue
My understanding of the now discontinued Stobart bond issue is that its stated purpose was to raise £25 million partly to replace some existing loans, and partly for general expansion of the business. It appears not to have been linked publicly to any particular project.
It seems there was poor take up by retail investors, and Stobarts attributed this to the entry into the market of larger bond issues at higher coupon. They have said they would still consider using this method of raising finance in the future.
Last edited by Tagron; 5th Dec 2012 at 09:15.