TIDMLIV2 TIDMLIV1
RNS Number : 5997C
LendInvest Secured Income
21 June 2021
THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIED OR MAY
HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7
OF THE MARKET ABUSE REGULATION (EU) 596/2014.
THE INFORMATION CONTAINED HEREIN MAY ONLY BE RELEASED, PUBLISHED
OR DISTRIBUTED IN THE UNITED KINGDOM, THE ISLE OF MAN, JERSEY AND
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PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA, THE REPUBLIC OF IRELAND OR
IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
DOCUMENT.
SEE "IMPORTANT INFORMATION" BELOW
21 June 2021
LendInvest completes third securitisation of GBP280 million of
prime UK BTL mortgage loans
LendInvest BTL Limited , a wholly owned subsidiary of LendInvest
Limited, the ultimate holding company of LendInvest Secured Income
plc , has completed the LendInvest Group's third securitisation of
prime Buy-to-Let (BTL) mortgages in an oversubscribed RMBS
transaction, "Mortimer BTL 2021-1".
The securitisation, which comprised GBP280 million of UK prime
BTL mortgage loans, received an Aaa(sf) and AAA(sf) rating (for
87.5% of the pool) from global credit rating agencies Moody's and
S&P Global Ratings respectively. The senior tranche was priced
at 0.70% over SONIA*; this is 37bps better than LendInvest's last
securitisation that closed in March 2020, days before the UK went
into national lockdown.
Rod Lockhart, Chief Executive of LendInvest, commented: "It's
fantastic to announce the completion of this transaction, the third
of its kind for the business since we kicked off our RMBS programme
in 2019. This transaction is another key example of the strong
momentum we've exhibited over the last year as the business goes
from strength to strength. We continue to be focused on leveraging
our proprietary end-to-end technology platform to transform
property finance, providing investors with access to an attractive
asset class while proving to borrowers that property finance does
not have to be characterised by rigid products, poor customer
experience and manual, paper-based processes. "
LendInvest achieved the tightest spread on a UK BTL RMBS
transaction since 2007.
LendInvest remains the only non-bank UK Fintech platform to have
securitised its own assets, and as of this year, platform AuM** for
BTL increased to over GBP1 billion.
The business has lent just under GBP4 billion of property
finance to UK borrowers since 2008.
Citi acted as Sole Arranger. Citi, HSBC, National Australia Bank
and Standard Chartered Bank acted as Joint Lead Managers.
--Ends--
Note to Editors
* SONIA: Sterling Overnight Index Average
** Asset Under Management
Contact
Leigh Rimmer | leigh@lendinvest.com | 07743 445856
About LendInvest
LendInvest is the UK's leading asset management platform for
property finance.
LendInvest offers short-term, development and buy-to-let
mortgages to intermediaries, landlords and developers. Its
proprietary technology and user experience are designed to make it
simpler for both borrowers and investors to access property
finance.
LendInvest has lent over GBP3bn of short term, development and
buy to let mortgages. Its funders and investors include global
institutions such as J.P. Morgan, HSBC, Citigroup and NAB, and, in
2019, it was the first Fintech to securitise a portfolio of BTL
mortgages.
The company has reported annual profitable growth since 2015 and
was named Digital Innovation Award Winner at the Sunday Times Tech
Track 100 Awards, Buy-to-Let Lender of the Year for 2020 at the
NACFB awards, and one of FT1000's Fastest Growing Companies in
Europe for 2021.
www.lendinvest.com | @lendinvest
IMPORTANT INFORMATION
This announcement is released by LendInvest Limited and contains
information that qualified or may have qualified as inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 (MAR), encompassing information relating
to the bond programme mentioned above. For the purposes of MAR and
Article 2 of Commission Implementing Regulation (EU) 2016/1055,
this announcement is made by Rod Lockhart, CEO for LendInvest
Limited.
The distribution of this announcement and other information in
connection with any offer in certain jurisdictions may be
restricted by law and persons who come into possession of this
announcement or any document or other information referred to
herein should inform themselves about and observe any such
restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any
jurisdiction.
This document contains statements that are, or may be deemed to
be, 'forward-looking statements' with respect to the financial
condition, results of operations and business of the Company or of
LendInvest Limited (or its group) and certain of the plans and
objectives of the Company, LendInvest Limited and its group with
respect to these items. Forward-looking statements are sometimes,
but not always, identified by their use of a date in the future or
such words as 'anticipates', 'aims', 'due', 'could', 'may', 'will',
'would', 'should', 'expects', 'believes', 'intends', 'plans',
'projects', 'potential', 'reasonably possible', 'targets', 'goal',
'estimates' or words with a similar meaning, and, in each case,
their negative or other variations or comparable terminology. Any
forward-looking statements in this document are based on the
current expectations of the Company, LendInvest Limited and its
group (as applicable) and, by their very nature, forward-looking
statements are inherently unpredictable, speculative and involve
risk and uncertainty because they relate to events and depend on
circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future
performance and no assurances can be given that the forward-looking
statements in this document will be realised. There are a number of
factors, many of which are beyond the control of the Company,
LendInvest Limited and its group, that could cause actual results,
performance and developments to differ materially from those
expressed or implied by these forward-looking statements. These
factors include, but are not limited to: the Risk Factors disclosed
in the Company's Base Prospectus dated 19 October 2017 (which have
not been updated since the date of its publication); changes in the
economies and markets in which the group operates; changes in the
regulatory and competition frameworks in which the group operates;
the impact of legal or other proceedings against or which affect
the group; and changes in interest and exchange rates.
All written or verbal forward-looking statements made in this
document or made subsequently, which are attributable to the
Company, LendInvest Limited or any other member of the group or
persons acting on their behalf are expressly qualified in their
entirety by the factors referred to above. No assurances can be
given that the forward-looking statements in this document will be
realised. This document speaks as at the date of publication. Save
as required by applicable laws and regulations, none of the
Company, LendInvest Limited or any member of its group intends to
update any forward-looking statements and does not undertake any
obligation to do so. Past performance of securities of the Company
cannot be relied upon as a guide to the future performance of
securities of the Company. Nothing in this document should be
regarded as a profit forecast.
This announcement does not constitute or form part of any offer
or invitation to sell, or any solicitation of any offer to purchase
any securities.
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END
STREALKFAAEFEFA
(END) Dow Jones Newswires
June 21, 2021 10:21 ET (14:21 GMT)
Lendinvest23 (LSE:LIV2)
過去 株価チャート
から 6 2024 まで 7 2024
Lendinvest23 (LSE:LIV2)
過去 株価チャート
から 7 2023 まで 7 2024
