Barclay brothers stay quiet on Shop Direct dividends

Shop Direct’s sterling high yield bonds dropped this week as investors balked at cash distributions being made to the company’s shareholders, David and Frederick Barclay. The brothers did not comment on the company’s dividends in a statement on Friday.

  • By Victor Jimenez
  • 25 May 2018

Shop Direct’s £550m five year non-call two secured notes have fallen about 15 points to 70 in the secondary market during the past three days, after investors became aware of the size of cash distributions being made to the company’s shareholders, the billionaire Barclay brothers.

On Wednesday, UK online ...

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Rank Lead Manager Amount $m No of issues Share %
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1 Swedbank 160.81 1 11.11%
1 Sumitomo Mitsui Financial Group 160.81 1 11.11%
1 SEB 160.81 1 11.11%
1 Nordea 160.81 1 11.11%
1 Natixis 160.81 1 11.11%

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1 JPMorgan 200.50 2 12.59%
1 Deutsche Bank 200.50 2 12.59%
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3 Sumitomo Mitsui Financial Group 113.00 1 7.09%
3 Mediobanca 113.00 1 7.09%

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1 Bank of America Merrill Lynch 544.58 5 11.06%
2 JPMorgan 482.08 5 9.79%
3 Wells Fargo Securities 374.58 3 7.61%
3 Goldman Sachs 374.58 3 7.61%
5 SunTrust Robinson Humphrey Inc 366.66 4 7.45%