REG - Orchard Funding Grp - Retail Bond Update

Orchard FundingAnnouncement

29/09/2022 07:01

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RNS Number : 0559B  Orchard Funding Group PLC  29 September 2022

29th September 2022

 

 

ORCHARD FUNDING GROUP PLC

Placing of Retail Bond

 

Further to its announcement of 9 February 2022 and subsequent announcement
relating to the issue of its Orchard Bond Finance 6.25% Bonds due 2027 (the
"Bonds"),Orchard Funding Group plc (the "Company") is pleased to announce that
a total of £1.1 million of retained Bonds have been placed at an average
price of 100.28.

The Company launched its retail bond in February 2022, issued via its
wholly-owned subsidiary Orchard Bond Finance PLC, with the proceeds of the
Bond issue to be used to further fund the Company's lending activities. The
Bonds pay fixed rate of interest at 6.25% per annum to maturity, payable twice
yearly, and mature on 2 June 2027. The Bonds are listed on the FCA's Official
List and admitted to trading on the London Stock Exchange's regulated market
and through the electronic Order Book for Fixed Income Securities.

-ENDS-

Orchard Funding Group PLC
                           +44 (0)1582 346 248

Ravi Takhar, Chief Executive Officer

Liberum (Nomad and Broker)
                               +44 (0)20 3100 3222

Neil Patel

Lauren Kettle

 

For Investor Relations please go to: www.orchardfundinggroupplc.com
(http://www.orchardfundinggroupplc.com)

 

Certain information contained in this announcement would have constituted
inside information (as defined by Article 7 of Regulation (EU) No 596/2014 as
amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019) prior to
its release as part of this announcement.

 

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