Beazley targeting retail bond first
Beazley Group is aspiring to be the first Lloyd's insurer to raise capital from private savers by issuing a UK retail bond that will provide it with £250mn of funding.
The London Stock Exchange-listed firm has appointed Lloyds Bank and Numis Securities to advise on the issue, which will be road-showed next month.
Once the preserve of major high street brands such as Marks & Spencer and Tesco, UK retail bonds are becoming increasingly common amongst less well-known firms as...
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