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LONDON - RCB Bonds PLC, in collaboration with Belong Limited, has announced plans to conduct a roadshow to engage with professional fixed income investors. This initiative, revealed on Thursday, is set to pave the way for the potential issuance of a sterling bond, contingent upon favorable market conditions.
The roadshow represents a strategic move by the Issuer to interact directly with investment professionals and discuss future financial opportunities. In addition, the announcement indicated that Belong Limited is contemplating an offer to buy back its 4.5 percent Bonds due June 20, 2026, from current bondholders, again depending on market circumstances. These bonds are secured on a loan to the Charity.
The outreach is targeted at a broad spectrum of investors, including retail clients and eligible counterparties, as well as professional clients across all distribution channels. This approach aligns with the UK MiFIR product governance requirements.
John Tattersall, Chair of RCB Bonds PLC, made the announcement in accordance with the regulatory obligations under the UK Market Abuse Regulation. The information shared is considered inside information, which is subject to strict disclosure standards to maintain market integrity.
The roadshow and subsequent bond issuance are part of RCB Bonds PLC’s ongoing efforts to strengthen its financial position and support its charitable partner, Belong Limited. The potential tender offer for the existing bonds would provide an exit opportunity for current investors and potentially restructure the Charity’s debt under more favorable terms.
Investors and stakeholders are advised that the plans are at this stage preliminary and subject to change based on market responses and conditions. This announcement is based on a press release statement from RCB Bonds PLC.
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