Close Brothers Group plc, founded in 1878 and headquartered in London, is a financial services group that provides a range of services including lending, deposit taking, and wealth management. The company primarily serves businesses and individuals, focusing on providing expert financial solutions tailored to client needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CBGLN 1.63% 2030-12-03 GBPClose Brothers Group plc | United Kingdom | 2030-12-03 | 1.625 | 5.12 |
| CBGLN 2.00% 2031-09-11 GBPClose Brothers Group plc | United Kingdom | 2031-09-11 | 2.000 | 5.96 |
| CBGLN 7.75% 2028-06-14 GBPClose Brothers Group plc | United Kingdom | 2028-06-14 | 7.750 | 5.51 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Close Brothers began issuing bonds in 2014 to strengthen its capital structure and support growth initiatives. Notably, in 2020, the company issued £300 million in bonds, primarily to enhance its liquidity during market uncertainties, achieving a yield of 3.5%, which was competitive against industry peers at the time. The bonds typically feature a fixed coupon rate payable semi-annually, and Close Brothers has maintained a solid credit rating, reflecting its stable operational performance and prudent risk management.