Propifi Bonds makes scheduled interest payments on medium-term notes

LONDON - Propifi Bonds PLC announced today that it has made all scheduled interest payments to holders of its medium-term notes on the June 30, 2025 payment date.

The company confirmed payments across multiple note series denominated in British pounds, U.S. dollars, and euros under its £5 billion medium-term note program. The payments include interest on notes due in 2025, 2026, 2028, and 2030.

For the 2025/2026 "Wave One" notes with an 8.1% interest rate, holders received £2,025 per £100,000 calculation amount for GBP notes, $2,025 per $100,000 for USD notes, and €2,025 per €100,000 for EUR notes.

The "Wave Two" notes due in 2028 paid £2,025, $2,025, and €2,025 per respective calculation amounts, reflecting the current 8.1% interest rate that took effect April 1, 2025. These notes previously carried higher rates of 10.1% and 9.1% during earlier periods.

For the newer "Wave Three" notes due in 2030, which were issued in January 2025, holders received £2,525, $2,525, and €2,525 per respective calculation amounts, reflecting the 10.1% interest rate applicable until June 30, 2026.

The company also noted that on June 4, 2025, it revised the interest rates for the 2030 notes, establishing a step-down structure with rates decreasing from 10.1% to 9.1% in July 2026, and further to 8.1% in July 2027 until maturity.

Propifi Bonds stated that all payments due to noteholders under the program have been made in full since its launch in 2020, with no events of default under any series.

According to the press release, proceeds from the notes are loaned to Propifi Capital Ltd, which provides secured first-charge bridging loans to commercial property developers in the UK, focusing on assisted living, retirement, and social housing sectors.

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