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LendInvest 11.5% Bonds due 2026

We’re pleased to announce the launch of the LendInvest Secured Income II plc 11.5% fixed rate Notes due 2026 (the “New Bonds”) and an exchange offer to holders of the 5.375% Notes due 2023 issued by LendInvest Secured Income plc (the “Existing Bonds”).

LendInvest is a leading technology driven platform for mortgages, offering 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.

The New Bonds will be issued by LendInvest Secured Income II plc and will benefit from a partial 20% guarantee by LendInvest plc. In the event that the Issuer defaults in its obligations to pay principal or interest, the maximum aggregate amount that can be claimed in respect of all such claims under the partial 20% guarantee in respect of any arrears of interest and principal outstanding will be a monetary amount equal to 20 per cent. of the redemption amount of the New Bonds at the time at which any such claim under the partial 20% guarantee is made by the Trustee.

The New Bonds are available to wholesale and retail investors and will pay a fixed rate of interest at 11.5% per annum until 3 October 2026, payable twice yearly on 3 April and 3 October of each year, with the first coupon payment being made on 3 April 2024. The New Bonds are expected to mature on 3 October 2026.

Investments in the New Bonds start from £1,000 and can be made through any of the authorised offerors:

  • AJ Bell
  • Hargreaves Lansdown
  • Interactive Investor
  • PrimaryBid
  • Ravenscroft
  • Redmayne Bentley

The offer period is expected to close at 4pm on 27 September 2023 but may close earlier.

The Exchange Offer

Holders of the Existing Bonds are also being invited to exchange their Existing Bonds for New Bonds. Holders should contact their broker or, if they need any assistance, can contact Kroll Issuer Services at lendinvest@is.kroll.com or on 020 7704 0880.

For more information, please go to: www.lendinvest.com/bond4

Your capital is at risk. You should be aware that you could get back less than you invested or lose your entire initial investment.

This announcement is an advertisement within the meaning of Article 2(k) of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “EUWA”) (the “UK Prospectus Regulation”) and is not a prospectus for the purposes of the UK Prospectus Regulation. A base prospectus dated 12 September 2023 relating to the New Bonds and an exchange offer memorandum and prospectus dated 13 September have been prepared and made available to the public in accordance with the UK Prospectus Regulation.