“A” rated, secured and asset backed bond. It pays a fixed annual coupon of 9%, every quarter for a 5 year term.
Linklease (https://www.link-lease.ae) is an operating equipment lease company who serves small-medium companies across the MENS region with traditional sources of equipment finance. The company caters to a broad range of industries including healthcare, logistics, manufacturing, printing and construction to name just a few with over 25 years of specialist experience in small-medium entreprises asset-based financing, the team has delivered deals to the tune of $USD1 billion across more than 3,500 transactions.
The bond is authorised and regulated by the Financial Conduct Authority.
The security is freely transferable and traded daily from 9am to 5pm, Monday – Friday, in compliance with the Listing Rules of the TISE/Frankfurt Stock Exchange.
The Bond is asset-backed and has security over a designated pool of leases originated and managed by the servicer and lease originator. The security is governed by and enforceable under English Law and assets are pledged to the trustee, Woodside Corporate Services, under a secure trust structure.
ARC Ratings, S.A. (ARC Ratings) has accorded an indicative, medium-term public rating of ‘A(sf)(ind)’ to the Series 2018-LL1 Senior Secured Notes to be issued by Linklease Finance PLC, with stable outlook. The indicative rating accorded refers to ultimate repayment of principal and timely repayment of interest.
Coupon/term: Fixed 9% per annum, paid quarterly, 5 years term
Liquidity: Freely transferable, daily traded from 9am to 5pm, Monday – Friday. Liquidity reserve built in.
Security: Asset backed, senior secured debt, enforceable under English law
Listed: TISE/Frankfurt Stock Exchange
Rating: A (sf) (ind)
Eligibility: UCITS, ISA, SIPP, SASS, QROPS, Portfolio Bonds and Investment Platforms
Clearing/Settlement: CREST, EUROCLEAR & CLEARSTREAM
What is ARC Rating
ARC has been accorded the same mappings standards as the S&P, Fitch and Moody’s (“big 3”) CRAs by the European Commission therefore ARC’s ratings can be used for capital relief purposes under the standardised and ratings-based approach, as well as under Solvency II. Effectively all this means that an ARC rating should be regarded alongside the big 3. For further information on ESMA and to see ARC listed alongside the big 3, please view this link: https://www.esma.europa.eu. Furthermore, the chief analyst on this particular rating, Emma-Jane Fulcher, was a senior Director at Fitch for more than a decade.
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