31 March 2019

LGB Q1 2019 MTN Issuance Summary

Sema Lease UK Limited, the leading UK provider of short- to medium-term vehicle rental, issued notes from its existing £25 million MTN Programme. The notes have 1, 2, and 3 year maturities paying 6.0%, 7.0%, and 8.0% interest p.a. respectively. The funds raised under the MTN Programme are used to purchase cars which are leased on short- to medium-length terms. Over 1,800 cars have been funded under the MTN Programme since its establishment in March 2014, with over 60% of these already disposed of.

 

Rivers Leasing, the award-winning equipment leasing and asset finance company, issued notes from its existing £25 million MTN Programme. The three-year quarterly amortising notes have an interest rate of 8.0% p.a. Since the establishment of the MTN Programme, a total principal amount of £12.8 million has been issued.

 

SRT Marine Systems, the AIM-listed global provider of maritime surveillance and vessel tracking systems, issued notes from its existing £10 million MTN Programme. The three-year notes have an interest rate of 8.0% p.a. Funds raised are being used to finance the working capital requirements of large systems projects for governments in the Middle East and South East Asia.

Recent Articles

14 June 2019

Canadian IT services company CGI is acquiring SCISYS Group plc

SCISYS Group plc has received a cash offer from Canadian company CGI Inc. The offer price of 254.15p represents a 24.6% premium to yesterday’s closing price and values SCISYS at c£78.9m. Read more

Deals

13 June 2019

Scancell issues new shares to Vulpes Life Sciences Fund

Scancell (AIM: SCLP), the developer of novel immunotherapies for the treatment of cancer, has raised £3.89m by the issue of new ordinary shares to Vulpes Life Sciences Fund.

Read more

Deals

29 April 2019

AIM for growth businesses looking to scale up is still an option

Ivan Sedgwick, Investments Director at LGB & Co. Limited, wrote an article for Growth Business on why AIM needs to attract institutional interest and improve transparency and governance.

 

Read more

News & Insights