Last checked at 29 Sep 2022 07:00
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
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.