Saltaire Finance PLC Sells £60 Million in Guaranteed Secured Bonds due 2053

Saltaire Finance PLC Sells £60 Million in Guaranteed Secured Bonds

In a strategic move to manage its bond portfolio, Saltaire Finance PLC has announced the sale of £60 million in principal amount of its 4.809% Guaranteed Secured Bonds due 2053. These bonds, which are unconditionally and irrevocably guaranteed by the UK’s Secretary of State for Housing, Communities and Local Government, were sold as part of the company’s ongoing efforts.

The sale of these bonds, classified as “Retained Bonds” under the Programme Memorandum, reduces the number of Retained Bonds held by the issuer to £20 million. This adjustment brings the aggregate outstanding principal amount of bonds issued under the Programme to £495 million.

Established for the issuance of bonds guaranteed by a government secretary, the Programme offers investors seeking secured investment options an attractive opportunity. This financial move by Saltaire Finance PLC aligns with its strategic management of the bond program and complies with regulatory guidelines set out by the Market Abuse Regulation.

The announcement of this transaction was made by Helena Whitaker of CSC Directors (No.3) Limited, acting on behalf of Saltaire Finance PLC. Investors and market watchers are provided with this information in accordance with UK Market Abuse Regulation and the Commission Implementing Regulation, ensuring transparency and regulatory compliance.

This news reflects the latest financial activities of Saltaire Finance PLC within its secured bond market operations.
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