LSEG Enables Retail Access for £1.4 Billion Bonds in UK First

The London Stock Exchange Group Plc has converted £1.4 billion ($1.9 billion) of bonds into a new format designed to make corporate debt more accessible to retail investors.

It’s the first use of the UK’s so-called “Plain Vanilla Listed Bonds” conversion under a new framework introduced at the start of this year. That’s designed to broaden access to the UK corporate bond market by enabling smaller denominations and simpler structures.