Business
Launch of 11.5% Bonds due 2026 and Exchange Offer
Launch of 11.5% Bonds due 2026 and Exchange Offer.
About this update from Lendinvest Plc
[{"type":"text","content":"\n\nThe information contained herein may only be released, published or distributed in the United Kingdom, the Isle of Man, Jersey and the Bailiwick of Guernsey in accordance with applicable regulatory requirements. The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, the Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this document.\nUK MiFIR retail investors, professional investors and ECPs target market - Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients (all distribution channels) and also retail clients (all distribution channels).\nTHIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014, AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\").\nThis announcement is a financial promotion for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000 (\"FSMA\") and is not intended to be investment advice.\n13 September 2023\nLENDINVEST SECURED INCOME II PLC\nLAUNCH OF 11.5% BONDS DUE 2026 AND EXCHANGE OFFER\nLendInvest Secured Income II plc (the \"Issuer\"), an indirectly wholly-owned subsidiary of LendInvest plc (\"LendInvest\" or the \"Guarantor\"), announces today an offer of 11.5% Notes due 2026 (the \"New Bonds\") together with an exchange offer (the \"Exchange Offer\") to holders of the 5.375 per cent. Notes due 2023 (the \"Existing Bonds\") issued by LendInvest Secured Income plc to exchange their Existing Bonds for the New Bonds.\nAbout LendInvest\nLendInvest is a leading technology driven platform for mortgages, and is listed on the London Stock Exchange (AIM: LINV). LendInvest offers short-term, buy-to-let and homeowner mortgages. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance. LendInvest has lent over £6bn of short term, development and buy-to-let mortgages. Its funders and investors include global institutions such as J.P. Morgan, HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a p...