Investment Evolution - Launch of up to £100 million 5-year Bond
Announcement provided byInvestment Evolution Credit plc · IEC
Investment Evolution Credit plc
("IEC" or the "Company")
Launch of up to £100 million 15% per annum 5-year IEC Bond Offering
Investment Evolution Credit plc (AQSE: IEC) - 7 February 2024: IEC, a global fintech group specialising in online consumer loans, announces it has launched an up to
The IEC Bond offers investors a fixed 15% per annum return over 5 years, with interest payable quarterly. The proceeds from the IEC Bond will be used solely to fund expansion of the Company's consumer loan portfolio and shall not be used for funding the Company's working capital or for any other purpose. IEC Bond proceeds are expected to be immediately deployed to fund new consumer loans in the Company's
Paul Mathieson, Chief Executive Officer of Investment Evolution Credit plc, commented:
"We are pleased to launch our up to
The IEC Bond offering will be an ongoing bond series, with the first tranche expected to be issued in February 2024 and with planned ongoing monthly bond tranche issuances thereafter.
IEC also plans to seek a public listing of the IEC Bond on a stock exchange in due course to enhance liquidity, transparency and accessibility for IEC Bond investors. The IEC Bond is initially only open for minimum investments of
IEC is an experienced regulated licensed lender under the corporate entity Investment Evolution Corporation and consumer brand Mr. Amazing Loans in
This announcement contains inside information for the purposes of the
Investment Evolution Credit plc
Chairman & CEO
Cairn Financial Advisers LLP (AQSE Corporate Adviser)
+44 (0) 20 72130 880
For more information please visit: www.investmentevolution.com
No prospectus will be made available in connection with the matters contained in this announcement and no such prospectus is required (in accordance with the Prospectus Regulation (EU) 2017/1129 as amended from time to time (the "Prospectus Regulation") and the Prospectus Regulation as it forms part of
Members of the public are not eligible to take part in this IEC Bond offering. This announcement is for information purposes only and is directed at and may only be communicated to (a) in the European Economic Area ("EEA"), persons who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation ("Qualified Investors"); and (b) in the
Any investment or investment activity to which this announcement relates is only available to, and will be engaged in only with, Relevant Persons. Persons distributing this announcement must satisfy themselves that it is lawful to do so. This announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation of an offer to buy, subscribe for or otherwise acquire securities in any jurisdiction in which any such offer or solicitation would be unlawful. Any failure to comply with this restriction may constitute a violation of the securities laws of such jurisdictions.
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND, SUBJECT TO CERTAIN LIMITED EXCEPTIONS, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO
This announcement is not a public offer of securities for sale in
Persons needing advice should consult an independent financial adviser.
Caution Regarding Forward Looking Statements
Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.