REG - Jade Road Investmnts - US Dollar-denominated corporate bonds

Jade Road InvestmentsAnnouncement

21/10/2022 07:45

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RNS Number : 6921D  Jade Road Investments Limited  21 October 2022

21 October 2022

JADE ROAD INVESTMENTS LIMITED

("Jade Road Investments", "JADE", the "Company" or the "Group")

Jade Road Investments Limited (AIM: JADE), the London quoted pan-Asian
diversified investment vehicle focused on providing shareholders with
attractive uncorrelated, risk-adjusted long-term returns provides the
following update concerning its US Dollar-denominated corporate bonds (the
"Corporate Bond").

 

The Corporate Bonds issued by the Company on 21 October 2019 and 11 May 2020
totalling US$3.6 million have reached maturity and are now due for redemption.

The Company has not yet realised sufficient funds from its current program of
legacy asset disposals to redeem these bonds at present.  The Company is in
discussions with the holders of its bonds with a view to either restructuring
and/or extending their maturity date.  In the interim, the Company is reliant
on the forbearance of its bondholders while this matter is resolved.

The Company will provide an update in due course.

 

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 Jade Road Investments Limited                      +44 (0) 778 531 5588
 John Croft

 WH Ireland Limited - Nominated Adviser             +44 (0) 20 7220 1666
 James Joyce
 Andrew de Andrade

 Hybridan LLP - Corporate Broker                    +44 (0) 203 764 2341
 Claire Noyce

 Lionsgate Communications - Communications Adviser  +44 (0) 779 189 2509
 Jonathan Charles

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain.

 

About Jade Road Investments

Jade Road Investments Limited is quoted on the AIM Market of the London Stock
Exchange and is committed to providing shareholders with attractive
uncorrelated, risk-adjusted long-term returns from a combination of realising
sustainable capital growth and delivering dividend income.

 

The Company is focused on providing growth capital and financing to emerging
and established Small and Medium Enterprises (SME) sector throughout Asia, and
is well-diversified by national geographies, instruments and asset classes.
This vital segment of the economy is underserved by the traditional banking
industry for regulatory and structural reasons.

 

The Company's investment manager, Harmony Capital, seeks to capitalise on its
team's established investment expertise and broad networks across Asia.
Through rigorous diligence and disciplined risk management, Harmony Capital is
dedicated to delivering attractive income and capital growth for shareholders
with significant downside protection through selectively investing in assets
and proactively managing them.

 

Harmony Capital is predominately sourcing private opportunities and continues
to create a strong pipeline of attractive income-generating assets from
potential investments in growth sectors across Asia, including healthcare,
fintech, hospitality, IT and property. 

 

 

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