LONDON – Propifi Bonds plc, an issuer of secured notes, has successfully completed the last round of interest payments to its noteholders on 31 December 2024. The payments were made under the note program at average of £5 billion of the company and include several series of notes denominated in GBP, USD and EUR, all of which are listed on the Frankfurt exchange.
The interest payments were part of a regular schedule that Propifi Bonds plc has maintained since the start of the program in 2020. In particular, the company has a history of healthy payments without defects, emphasizing its commitment to fulfill its obligations to investors.
The notes, which range in maturity dates from 2025 to 2028, have undergone changes in their interest rates over time. The most recent adjustment occurred in July 2023, with rates for notes due in 2028 being revised. The rates were set at 8.1% from January 12 to March 31, 2023, increased to 10.1% for the period between April 1, 2023 and March 31, 2024, and will be adjusted to 9.1% from April 1, 2024 to March. 31, 2025. After that, the rate will return to 8.1% until the maturity date.
The proceeds of the investment in these notes are channeled to Propifi Capital Ltd, which specializes in providing first-rate secured bridging loans to commercial property developers in the UK. The focus of these loans is on markets with a significant supply shortage, such as the assisted living, retirement and social housing sectors.
Truva Corp acts as trustee for the notes, offering its expertise in trustee and capital markets administrative services. This partnership is part of Propifi Bonds plc’s strategy to raise capital efficiently and safely.
Investors and market observers are informed that these interest payments and the company’s regulatory announcements are documented and can be accessed through the National Storage Mechanism of the Financial Conduct Authority. This ensures transparency and regulatory compliance in the financial communications of Propifi Bonds plc.
The successful interest payment marks another step for Propifi Bonds plc as it continues to maintain a stable financial relationship with its investors. This information is based on a press release from the company.
This article was generated with AI support and reviewed by an editor. For more information see our T&C.
https://i-invdn-com.investing.com/redesign/images/seo/investing_300X300.png
2024-12-31 08:02:00
