London-listed investor-developer Helical Bar has raised net proceeds of £78.9 mln (€92 mln) from its first retail bond issue.

The 6% bonds will be issued on 24 June and are due to mature in 2020. The total principal amount of the issue is £80 mln.

Michael Slade, CEO of Helical Bar, commented: 'This bond enables us to further diversify our funding sources with an entirely new source of funding whilst extending the debt maturity profile of the group.'