ORCH Orchard Funding Group Plc

TIDMORCH

RNS Number : 0559B

Orchard Funding Group PLC

29 September 2022

29th September 2022

ORCHARD FUNDING GROUP PLC

Placing of Retail Bond

Further to its announcement of 9 February 2022 and subsequent announcement relating to the issue of its Orchard Bond Finance 6.25% Bonds due 2027 (the "Bonds"),Orchard Funding Group plc (the "Company") is pleased to announce that a total of GBP1.1 million of retained Bonds have been placed at an average price of 100.28.

The Company launched its retail bond in February 2022, issued via its wholly-owned subsidiary Orchard Bond Finance PLC, with the proceeds of the Bond issue to be used to further fund the Company's lending activities. The Bonds pay fixed rate of interest at 6.25% per annum to maturity, payable twice yearly, and mature on 2 June 2027. The Bonds are listed on the FCA's Official List and admitted to trading on the London Stock Exchange's regulated market and through the electronic Order Book for Fixed Income Securities.

-ENDS-

Orchard Funding Group PLC +44 (0)1582 346 248

Ravi Takhar, Chief Executive Officer

Liberum (Nomad and Broker) +44 (0)20 3100 3222

Neil Patel

Lauren Kettle

For Investor Relations please go to: www.orchardfundinggroupplc.com

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019) prior to its release as part of this announcement.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCKZGZLKRDGZZM

(END) Dow Jones Newswires

September 29, 2022 02:00 ET (06:00 GMT)

Orchard Funding (LSE:ORCH)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024

Orchard Funding (LSE:ORCH)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024