ONFG22 Feb 2013 22:57
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."