The London Stock Exchange set up the ORB (Order book for Retail Bonds) in 2010 with the aim of giving access to investing in corporate bonds to a much wider audience, particularly retail investors.
The ORB is generally suitable for credit worthy businesses with a simple business model, strong governance, a positive trading history and who require £25-£100 million or more of medium-term funding per year.

Why ORB listed bonds could be the right option for you:
Wide range of maturities
typically 4 to 12 years
Flexibility on size
£25 million to £150 million
Light covenants
simple to manage
Key financial partner
build relationships with major institutional investors
Ongoing demand
incorporate into an annual/bi-annual borrowing programme
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Take a look at our other financial solutions
Corporate bonds
For borrowers looking to raise debt in larger size (typically £100 million and up).
ORB listed bonds
The ORB (Order book for Retail Bonds) is generally for those seeking £25-£100 million or more of medium-term funding.
Retail Charity Bonds
For charities who are looking to raise £10 million or more of unsecured finance on the London Stock Exchange.