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Together announces new £200m bond as growth continues

03 March 2017

We have completed a £200m seven-year bond issuance, to support continuing growth.

The new £200m bond will increase our funding capacity to offer new loans in line with growing customer demand for our products, and comes just four months after we successfully launched a separate £375m bond in October 2016, demonstrating continued interest from investors. 

These two bonds will sit alongside our asset-backed securitisation programmes and other current funding facilities, to provide a diverse and stable funding platform for sustained growth.  

Mike McTighe, group chairman at Together, commented: “We are delighted to have successfully issued this £200m bond on such favourable terms, so soon after completing our landmark £375m issuance last year. This investment is testament to the strength of our business and financial position, while demonstrating continued investor appetite and support for Together’s ambitious growth plans.”

Gary Beckett, our group chief financial officer, added: “This new bond will provide additional funding across our business, allowing us to meet the continued demand for our products and serve our growing customer base. With its seven-year term, this bond provides long-term liquidity to help deliver our growth strategy.”


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Mike McTighe

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