Retail Bond Update

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                                                       [phone]

Ravi Takhar, Chief Executive Officer

Liberum (Nomad and Broker)                                                  [phone]

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.

 

END

 

 

MSCKZGZLKRDGZZM