Just Group Boosted Capital Structure

Posted on 04/15/2019

On March 25, 2019, Reigate-based Just Group plc revealed it finalized its capital raising of £375 million of gross proceeds by means of an equity placing and Restricted Tier 1 bond issue. The perpetual bonds became listed on the Euro MTF market of the Luxembourg Stock Exchange. The bonds were £300 million perpetual bonds with a first call date in April 2024, with an annual interest rate of 9.375% payable semi-annual.

On March 14, 2019, approximately £75 million before costs at a price of 80 pence per share was raised.