10 August 2017
Reporter: Theo Andrew

LendInvest launches first retail bond on LSE, raises £50 million

LendInvest, the alternative and investment lender platform, has launched its first retail bond on the London Stock Exchange’s (LSE) Order Book for Retail Bonds (ORB), raising £50 million.

The five-year dated bond, which will pay an annual coupon of 5.25 percent, closed early after strong investor demand raised the targeted capital.

The specialist mortgage lender is the first UK company on the LSE’s Elite business support programme to access the debt capital market to support its growth.

Elite helps to support and raise capital for ambitious private European companies and now has more than 600 companies on its books.

Since 2008, LendInvest has funded 2,758 projects with a total value of approximately £1.77 billion.

Pietro Poletto, LSEG’s head of fixed income markets, said: “Welcoming the UK’s first and largest online marketplace platform for property lending and investing, LendInvest, to trading on our OBR is a significant milestone for the company and LSEG.”

Christian Faes, CEO and co-founder of LendInvest, said: “The retail bond offers compelling returns and access to a much sought after asset class in a world of low interest rates.”

Faes added: “As we continue to scale the business, we’re increasingly looking to diversify our funding model and expand our capacity to lend to under-served borrowers, as well as to create new entry points to an attractive asset class that suits a broader range of investors seeking competitive risk-adjusted returns”

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