Propifi Bonds - GB00BLB0B914
Propifi Bonds PLC is part of Propifi Holdings (Propifi) which issue Bonds in order to raise funds to undertake first charge secured bridging loans, to commercial UK property developers, in a market estimated to be around £5B.
With a senior management team with decades of both property finance and development, chaired by Euan McAlpine, Propifi utilises Bonds as one of its funding streams to fill its growing lending pipeline of £100m plus.
THE BOND
The Propifi PLC 8.1% 2025 Bond is a high potential yield debt instrument that offers investors the potential of a fixed return over a 5-year term. The Bonds will seek to provide a fixed annual income to investors by providing Propifi with bridging loan funding.
KEY FEATURES
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8.1% interest due to be paid quarterly (first payment after 6 months)
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GBP £ denominate
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Fixed return
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Asset-backed
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Rated A - (sf) (Ind)
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Suitable for UCITS, ISA, SIPP, SSAS, QROPS, Portfolio Bonds and Investment Platforms
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Capital is at Risk. No FSCS Cover
ABOUT THE SECURITY
The Bond is asset-backed. All funds raised from the Bond are used to provide Bridging loans which are secured by way of First Legal Charge of Borrowers' security, on either UK Property/Land. The security is governed by and enforceable under English Law and assets are pledged to the trustee under a trust structure.
