One Heritage Group Plc Announces Corporate Bond Update

One Heritage Group Plc (OHG), a prominent UK-based residential developer specializing in the North of England, has announced an update regarding the repayment of its £1.5 million unsecured corporate bond, set for maturity on 15th March 2024. The company expressed satisfaction in concluding a new £500,000 unsecured loan agreement with an interest rate of 8% per annum with a bondholder, aimed at partially addressing the bond repayment.

However, due to delays in property refinancing, OHG anticipates the repayment of the remaining £1 million by 18th March 2024. The company reassures stakeholders that it will not be in default as long as repayment is completed by 29th March 2024. This strategic financial maneuvering illustrates OHG's commitment to fulfilling its obligations while navigating refinancing challenges. OHG's communication channels remain open for further inquiries.