One Heritage Group Plc Announces Repayment of Corporate Bond and New Loan Agreement

One Heritage Group PLC (LSE: OHG), a UK-based residential developer with a focus on the North of England, has successfully completed the repayment of its £1.5 million unsecured corporate bond. The company, known for targeting value and maximizing opportunities for investors in the residential sector, confirmed the bond repayment on 25 March 2024. This move underscores the firm's financial health and commitment to fulfilling its financial obligations.

In a strategic financial maneuver, One Heritage Group also announced the initiation of a new £500,000 unsecured loan with a bondholder. The terms of this loan include an 8% interest rate per annum. This development was first communicated to the public on 15 March 2024, revealing the company’s continuous efforts to optimize its financing structure. The transition from a fully redeemed bond to securing a new loan at the same interest rate highlights the company’s strategic financial management.

For more information, stakeholders and interested parties are encouraged to contact One Heritage Group plc or its financial adviser and broker, Hybridan LLP, directly through the provided contacts.