Towergate senior management on investor roadshow
Towergate sees opportunity to raise money in the UK, the rest of Europe and the US
According to a senior banking source close to Towergate, the broking group's senior management have been advised that now is a good opportunity to tap the bond market to raise longer term money at better interest rates than existing bank debt.
The aim is to encourage investors such as pension funds and hedge funds, who want high yield investments, to buy debt at a fixed rate of interest in the broking group. Towergate would then be able to reduce bank debt and hopefully overall interest payments
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