Linklease Finance Plc announces bond issuance
LONDON, December 14, 2018 – The Issuer is pleased to announce that at financial close on 17th December 2018, it intends to issue an initial $USD50,000,000 in principal amount of its Bonds under its secured Medium Term Note bond programme (the "Programme"), established by the Issuer for the issue of bonds to fund specialist equipment leasing transactions and to match the origination pipeline of the Lease Originator.
In accordance with the terms and conditions of the Bonds, the Bonds are available only to non-US domiciled institutional investors and the net proceeds will be used to match the origination pipeline of Link Lease Equipment Rental LLC who have been appointed by the Issuer to act as the Servicer and Lease Originator. The bonds have an indicative rating of A(sf) (ind) from ARC Ratings S.A.
The full announcement is available here.
Linklease is the Middle East’s leading SME equipment leasing company. Established in 2014 and headquartered in Dubai, its ambition is to provide SMEs across the region with an alternative to traditional sources of equipment finance whilst facilitating opportunities for global fixed income investors. With a leadership team backed by 25 years of specialist experience in SME financing, Linklease provides new and used equipment leasing, sale and lease-back agreements and equipment management services to a broad range of industries.