Blackmore Bond Interest Delayed Again

By J Drew -
Reports from unhappy investors are suggesting that Blackmore Bond Interest payments have been delayed again. This is now the second time in a row that investors have not been paid their quarterly bond coupon interest and this time a different reason has been given.

This time investors have been told in advance by Blackmore Bond that the interest payment due on 31st October will be delayed until 29th November allegedly due to an unnamed development not completing on time.

Blackmore Bond Interest Delayed Again
Blackmore Bond Interest Delayed Again
Investors are likely to be hoping that this isn't a precursor to Blackmore Bond being unable to repay the capital that becomes due on their bonds in 2020.

More details from the Evening Standard here

https://www.standard.co.uk/business/blackmore-delays-dividend-payment-to-thousands-a4273341.html

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