JLG C1 Bonds PLC is a wholly owned subsidiary of JLG Group PLC and was formed in order to enable the Group to offer Investors a secured 'near cash' bond.
The Bond Programme
JLG C1 Bonds PLC has been granted approval by the Global Exchange Market (GEM) of the Irish Stock Exchange for the issue of a series of bond issues all identical in terms of security, interest rate and length of term (364 days) but with different issue and maturity dates.
The Bonds are all of £100,000 each suitable only for Institutional Investors, family offices etc. The Bonds are secured against a pool of SME loan facilities granted by JLG Group and a designated bank account.
The Bonds pay an interest of 3% p.a paid quarterly.
Full details of the Bond programme, the security and risk factors are set out in the Information Memorandum.
The first issue of the Programme 15 August 2019 was for £10,000,000 and was fully subscribed.
The second issue of the Programme 14 November 2019 is for £5,000,000
Senior Secured Investment Bond
The ‘near cash’ 3% 364 day senior secured bond has a fixed interest of 3% with a minimum investment of £100,000