Grafton abandons bond issue

Published:  10 July, 2013

Grafton Group has withdrawn its proposed issue of Sterling Retail Bonds, blaming interest rate volatility and market uncertainty during the offer period.

“This influenced investor sentiment and demand and the company decided not to proceed with the issue,” Grafton said in a recent statement. The proposed issue of Sterling Retail Bonds by Grafton’s wholly owned subsidiary Grafton Group Finance, offering a 5.5% annual return, was published on 24 June. Grafton’s dividend yield is 1.62%.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight

Recruitment

Builders Merchants Vacancies – UK Wide

We work closely with the National and Large Independent Builders Merchants as well as Manufacturers & Distributors. We have vacancies all over the UK for those who work within the Building Supplies sector.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.