RNS Number : 6390N
Innovation Capital Finance Limited
21 May 2020
Company name
Innovation Capital Finance Ltd
Headline
Announcement of Withdrawal from Ratings Process
Innovation Capital Finance Ltd
21 May 2020
Company Announcement - For immediate release
Innovation Capital Finance Ltd
c/o Setfords
46 Chancery Lane
London
WC2A 1JE
Innovation Capital Finance Ltd £100m Secured Note Programme
Series 1 Issue of GBP 30,000,000 6.25% Coupon Notes due 30 January 2024
GB00BGPP6817
21 May 2020
Announcement:
The Issuer announces the withdrawal from the rating provided by ARC Ratings S.A. ("ARC") and instructed ARC to discontinue the rating coverage of the issue with effect from 14 April 2020. At the date of withdrawal ARC publicly reported that Interest payments to Noteholders have been paid in full and on time and that interest reserves are at their required levels.
The issuer believes institutional investors prefer to conduct their own due diligence or commission a private credit opinion and that a public rating is not particularly suited to wholesale Note Programmes.
For further information please contact:
operations@innovationcapitalfinance.com
Innovation Capital Finance Ltd., c/o Setfords, 46 Chancery Lane, London, WC2A 1JE
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
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