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LONDON - LendInvest plc (LSE:LINV), a UK mortgage platform, announced Thursday it will conduct a roadshow to meet with professional fixed income investors, according to a company press release.
The roadshow is expected to precede a sterling bond issue by LendInvest Secured Income III plc. Additionally, the company plans to make an exchange offer for existing notes issued by LendInvest Secured Income II plc, specifically its 11.5 percent Notes due 2026 (XS2677624657) and 6.5 percent Notes due 2027 (XS2498582266).
Both the new bond issue and the exchange offer will proceed subject to market conditions, the company stated.
LendInvest describes itself as "the UK’s leading platform for mortgages" and serves as the ultimate holding company for both LendInvest Secured Income II plc and LendInvest Secured Income III plc.
The announcement did not provide specific details regarding the timing of the roadshow, the potential size of the new bond issue, or terms of the planned exchange offer.
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