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Lowell Group "sets bond price"

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  • #1

    Lowell Group "sets bond price"

    http://www.credittoday.co.uk/article...-to-issue-bond

    Lowell Group is set to become the first UK debt purchaser to issue a bond, Credit Today understands.
    It is believed the price has been set on a £200m seven-year high-yield bond in the area of 10.75%. It is thought the bond will be used for refinancing purposes.
    Ratings agency Standard & Poors (S & P) has assigned a BB- long-term counterparty credit rating to the firm, and is assigning a separate rating to a proposed £200m of senior term notes issued by Lowell’s wholly owned subsidiary, Lowell Group Financing PLC.................
    CAVEAT LECTOR

    This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

    You and I do not see things as they are. We see things as we are.
    Cohen, Herb

    There is danger when a man throws his tongue into high gear before he
    gets his brain a-going.
    Phelps, C. C.

    "They couldn't hit an elephant at this distance!"
    The last words of John Sedgwick
    Tags: None
    • 4 likes
  • #2
    Re: Lowell Group "sets bond price"

    10.75%? In the current climate?

    I hope they've got good underwriters.

    Comment

    • #3
      Re: Lowell Group "sets bond price"

      Originally posted by labman View Post
      10.75%? In the current climate?
      They're plainly desperate.

      I hope they've got good underwriters.
      I'd prefer them to have good undertakers.

      Comment

      • #4
        Re: Lowell Group "sets bond price"

        interstin. The Lowell Group used to belong to Cattles PLC ,of Welcome finance fame. Whensoldasthe fundngcsi****t was one of the only proftable parts of the group.
        • 5 likes

        Comment

        • #5
          Re: Lowell Group "sets bond price"

          Originally posted by charitynjw View Post
          http://www.credittoday.co.uk/article...-to-issue-bond

          Lowell Group is set to become the first UK debt purchaser to issue a bond, Credit Today understands.
          It is believed the price has been set on a £200m seven-year high-yield bond in the area of 10.75%. It is thought the bond will be used for refinancing purposes.
          Ratings agency Standard & Poors (S & P) has assigned a BB- long-term counterparty credit rating to the firm, and is assigning a separate rating to a proposed £200m of senior term notes issued by Lowell’s wholly owned subsidiary, Lowell Group Financing PLC.................
          Sorry, I am part of the reason they are so desperate. Seen in my threads on here you can see how they had to write off over 10 thousand pounds of my Abbey/National credit card, after paying to buy the alleged debt. PLUS the intervention of the FOS would have cost them more.

          So f..........g Lowells, it must be really hard to have to restrucutre your debt. I'm really, really sorry for any hardship I caused (I'm not really, just kidding).
          Thanks!

          Debtisbad
          • 5 likes

          Comment

          • #6
            Re: Lowell Group "sets bond price"

            They still owe me over £750 for charges i charged them for payment demand letters and phone calls i had to deal with regarding them attempting to collect on a non existant phone contract that was the result of 3 unsolicited mobiles being sent to me.

            Maybe now would be a good time to have the statutory demand issued, don't suppose anyone in leeds would be willing to serve it for me lol.
            Please note that this advice is given informally, without liability and without prejudice. Always seek the advice of an insured qualified professional. All my legal and nonlegal knowledge comes from either here (LB),my own personal research and experience and/or as the result of necessity as an Employer and Businessman.

            By using my advice in any form, you agreed to waive all rights to hold myself or any persons representing myself of any liability.

            If you PM me, make sure to include a link to your thread as I don't give out advice in private. All PMs that are sent in missuse (including but not limited to phishing, spam) of the PM application and/or PMs that are threatening or abusive will be reported to the Site Team and if necessary to the police and/or relevant Authority.

            I AM SO GOING TO GET BANNED BY CEL FOR POSTING terrible humour POSTS.

            The Governess; 6th March 2012 GRRRRRR
            • 4 likes

            Comment

            • #7
              Re: Lowell Group "sets bond price"

              Lowell Group places £200m bond 23 March 2012

              Debt purchaser Lowell Group has placed a £200m high-yield bond with a 2019 maturity and an annual interest coupon of 10.75%.

              The proceeds of the issue will be used to refinance existing debt.
              JPMorgan Chase & Co. led the transaction and Lloyds Banking Group Plc acted as joint bookrunner................
              http://www.credittoday.co.uk/article...ces-200m-bond-
              CAVEAT LECTOR

              This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

              You and I do not see things as they are. We see things as we are.
              Cohen, Herb

              There is danger when a man throws his tongue into high gear before he
              gets his brain a-going.
              Phelps, C. C.

              "They couldn't hit an elephant at this distance!"
              The last words of John Sedgwick
              • 2 likes

              Comment

              • #8
                Re: Lowell Group "sets bond price"

                Originally posted by CleverClogs View Post


                I'd prefer them to have good undertakers.

                ROFPMSL

                I wonder what they base their figures on. I sincerely hope its not the face value of their toxic debts
                • 3 likes

                Comment

                • #9
                  Re: Lowell Group "sets bond price"

                  Originally posted by teaboy2 View Post
                  They still owe me over £750 for charges i charged them for payment demand letters and phone calls i had to deal with regarding them attempting to collect on a non existant phone contract that was the result of 3 unsolicited mobiles being sent to me.

                  Maybe now would be a good time to have the statutory demand issued, don't suppose anyone in leeds would be willing to serve it for me lol.
                  Had you thought of assigning the debt to recovery specialists such as MacKenzie Hall?

                  Comment

                  • #10
                    Re: Lowell Group "sets bond price"

                    Lol hmmmm, having one bunch of muppets chasing another bunch of muppets is not a bad idea at all.
                    Please note that this advice is given informally, without liability and without prejudice. Always seek the advice of an insured qualified professional. All my legal and nonlegal knowledge comes from either here (LB),my own personal research and experience and/or as the result of necessity as an Employer and Businessman.

                    By using my advice in any form, you agreed to waive all rights to hold myself or any persons representing myself of any liability.

                    If you PM me, make sure to include a link to your thread as I don't give out advice in private. All PMs that are sent in missuse (including but not limited to phishing, spam) of the PM application and/or PMs that are threatening or abusive will be reported to the Site Team and if necessary to the police and/or relevant Authority.

                    I AM SO GOING TO GET BANNED BY CEL FOR POSTING terrible humour POSTS.

                    The Governess; 6th March 2012 GRRRRRR
                    • 1 thank

                    Comment

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