Bruntwood launches retail bond

Property group Bruntwood yesterday launched its first retail bond designed to raise up to £70m to diversify its funding base. The seven-year bond, which has a coupon rate of 6 per cent, will mature in 2020. The Bonds have a minimum initial subscription amount of £2,000 and are available in multiples of £100 thereafter. Investec Bank is advising on the issue.