Real Estate

LendInvest Adds Another Funding String To Its Bow

Harry Keir Hughes London 11 August 2017

LendInvest Adds Another Funding String To Its Bow

The UK firm said it has become the first such business to list a retail investment product on the London Stock Exchange.

UK-based LendInvest, an online platform for property lending and investing that provides finance to property entrepreneurs and firms, said it has become the first such business to list a retail investment product on the London Stock Exchange.

The listed retail bond, the first in a £500 million ($649 million) bond programme LendInvest intends to offer over the next few years, raised £50 million in a process that closed early and was oversubscribed. Retail and institutional investors were in the mix of investors, including several multi-billion pound asset managers, according to a statement from the firm yesterday.

Trading under the LSE ticker LIV1, and affiliated with the London Stock Exchange’s Order book for Retail Bonds (ORB), the listed bond pays a fixed annual coupon of 5.25 per cent for five years. The bond is secured against a portfolio of property loans and is guaranteed by LendInvest.

The retail bond is another significant funding channel for LendInvest. Other channels include the company’s online investment platform, its funds management group, and a number of dedicated institutional funding lines.

“Listing our bond on the London Stock Exchange today marks a significant achievement for LendInvest, and adds considerable strength to our lending platform. At LendInvest we aspire to be an alternative lender that continues to innovate, not just in terms of the technology we are building, but in all aspects of our business,” Christian Faes, chief executive of LendInvest, said.

He added: “We launched the bond programme to make our asset class available to retail investors through an LSE listed offering because it is a well-established, robust structure that offers customers considerable protections.”

(This news service interviewed LendInvest recently here.) See another news item about that business here.

LendInvest has more than £800 million since 2008, and makes it possible for individuals, corporates and institutions to invest in secured property loans originated and underwritten by its mortgage team.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes