LGB Q3 2018 MTN Issuance Summary
1pm plc, the AIM-listed non-bank alternative finance provider to SMEs across the UK, issued notes from its existing £7.5 million MTN Programme. The three-year quarterly amortising notes have an interest rate of 6.5% p.a. Funds raised under the MTN Programme are used primarily to meet demand for loans from SMEs and to provide the flexibility to fund adjacent products as the business develops.
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 2 and 3 year maturities paying 7.0% and 8.0% interest p.a. respectively. The funds raised under the MTN Programme are used to purchase cars which are then leased out on short- to medium-length terms. To date, the MTN programme has raised £17.2 million, of which £7.1 million is outstanding.
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 £11.2 million has been issued.