LendInvest has announced the launch of a new retail bond paying 8.25% as part of its £1 billion Euro Medium Term Note programme, while offering existing investors the chance to exchange holdings from previous issues.
The 8.25% Notes due 2030 are being issued by LendInvest Secured Income III plc, a wholly owned subsidiary of LendInvest plc, and mark the latest step in the group’s strategy to expand access to investments in property-finance assets.
The bonds will pay a fixed coupon of 8.25% per year, payable twice annually, and are due to mature in 2030. They will be redeemed at par on maturity and are secured by a first floating charge over a pool of eligible loans.
These loans will mainly consist of UK residential, buy-to-let, bridging and development finance originated and managed by LendInvest, subject to a maximum weighted-average loan-to-value of 77.5%.
The notes carry a 20% partial guarantee from LendInvest plc and have a minimum subscription of £1,000, with increments of £100. They are expected to be listed on the London Stock Exchange’s Order Book for Retail Bonds (ORB) and available through authorised distributors including AJ Bell, Hargreaves Lansdown and Interactive Investor. The offer period is due to close on 11 November, though may close early.
At the same time, LendInvest and its subsidiary are inviting holders of two earlier bond series — the 11.5% Notes due 2026 and the 6.5% Notes due 2027, issued by LendInvest Secured Income II plc — to exchange their holdings for the new bonds.
Rod Lockhart (pictured), chief executive of LendInvest, said: “This issuance represents the continued development of our secured-income programme and provides investors with access to bonds backed by UK property-finance assets within a clearly defined structure.”
Adrian Bell, chief executive of Allia C&C, which is acting as lead manager and arranger, added: “We are pleased to support LendInvest once again through the launch of this new bond, following the successful completion and repayment of prior series under the programme.”
LendInvest, which listed on AIM in 2021, reported funds under management of £5.13 billion and platform assets under management of £3.23 billion at 31 March 2025. The group reduced its statutory loss before tax to £1.2 million for the last financial year, returning to profitability in the second half.
