Orchard Bond Finance plc 6.25% Bonds due 2027
This offer is now closed for applications through interactive investor
Confirmation of Bond Issue Size
Orchard Bond Finance plc has confirmed the following in connection with the offer:
- Issue Date: 2 March 2022
- Total principal amount of the Bonds issued (including Retained Bonds): £7,770,000
- Total principal amount of Retained Bonds £5,000,000
- Estimated expenses relating to the offer: £178,000
- Estimated net proceeds of the offer: £2,592,000
Allocations have been met in full, meaning customers will receive 100% of the amount they applied for.
Bond allocations are being credited today (Thursday 24 February 2022). Confirmation of allocations will be sent once the Bonds are showing on accounts.
Key information
| Issue price (per Bond): | £100 |
| Minimum investment: | £2,000 (multiples of £100 thereafter) |
| Interest rate: | 6.25% |
| Term of the Bonds: | 5 years and 3 months |
| Maturity date: | 2 June 2027 |
Expected timetable
| Offer open: | 9 February 2022 |
| Offer close: | 23 February 2022 (10am) |
| Issue date of the Bonds: | 2 March 2022 |
| First day of trading: | 2 March 2022 |
Offer documents
We, Interactive Investor Services Limited, refer to the offer of 6.25% Bonds due 2 June 2027 (the “Bonds”) described in the Prospectus dated 9 February 2022 (the “Prospectus”) published by Orchard Bond Finance PLC (the “Issuer”). In consideration of the Issuer and the Guarantor named in the Prospectus offering to grant their consent to our use of the Prospectus in connection with the offer of the Bonds in the United Kingdom during the Offer Period in accordance with the Authorised Offeror Terms (as specified in the Prospectus), we hereby accept the offer by the Issuer and the Guarantor. We confirm that we are authorised under UK MiFIR to make, and are using the Prospectus in connection with, the Public Offer accordingly. Terms used in this paragraph and otherwise not defined shall have the same meaning as given to such terms in the Prospectus.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
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This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of 201 Deansgate, Manchester, M3 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.