Financial advisory group AFH Financial Group has announced a bond issuance to fuel its acquisition strategy.
In a notice to the stockmarket, the adviser and discretionary fund manager announced the issuance of £752,000 8% Unsecured Bonds due 2020. It said they have today been admitted to trading on the ISDX Growth Market under the ticker symbol AFHB.
It said: "The proceeds of the bond issue, together with the proceeds from the issue of ordinary shares announced on 21 August, will be used to provide additional working capital for the company and to finance potential future acquisitions."
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