Sema Lease - Latest Issue - September 2021
We are pleased to announce the completion of a £1.25 million note issuance under the £35m Sema Lease UK Limited MTN programme.
LGB Capital Markets first established a £10m MTN programme for Sema Lease UK Limited (“Sema”) in 2014. The programme was subsequently increased to £25m in March 2016 and again more recently to £35m in April 2021 (click here to read more about the latest programme limit increase). The MTN programme has provided the Company with a vital source of diversified and flexible funding over the past 7 years.
Sema has had a robust and profitable start to FY22 with the four months to July. Sema’s management team is now working to maintain its optimal fleet size and is focusing on developing its customer profile mix.
This raise included three maturity options, as detailed below, and was fully subscribed:
- 6% maturing 23 October 2022
- 7% maturing 23 October 2023
- 8% maturing 23 October 2024