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PROPIFI BONDS PLC

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PROPIFI BONDS PLC

Overview

Propifi Bonds Plc is a public limited company established and registered in the United Kingdom. Propifi Bonds Plc has been approved by the Frankfurt Stock Exchange (Börse Frankfurt) for the issue of a £5B programme of listed, secured and electronically-traded corporate bonds. The bonds have an investment-grade A-credit rating, Senior Secured with a coupon of 8.1% paid quarterly. The purpose of the company is to raise funds through bond issuances to make first-charge secured bridging loans to UK commercial property developers. The size of this bridging market is estimated to be £6.1B (Jan 2023)