SENIOR
SECURED
BONDS
Propifi Bonds Plc is a public limited company established and registered in the United Kingdom.
Propifi is Chaired by Euan McAlpine, Grandson of the late Sir Alfred McAlpine and a prominent member of the UK based McAlpine Family. He and his fellow management team have over 150 years of direct experience in the market place and launched Propifi Capital Ltd, a multi-million pound Bridging Loan Company to market in 2018.
In the UK, the bridging loan market has grown strongly in recent years. According to the UK Bridging Loan Directory 2022, it is estimated at £6.1b and forecast to continue to rise.
Listed A-Rated Bond
In 2020 Propifi launched its Senior Secured Bond programme, which features an Investment Grade, A-Rated Bond which is publicly listed on the Boerse Frankfurt Stock Exchange.
Coupon payments made quarterly
Period 1 - 1/4/23 to 31/3/24 Coupon - 10.1%
Period 2 - 1/4/24 to 31/3 25 Coupon - 9.1%
Period 3 - 1/4/25 to Maturity 10/1/28 Coupon - 8.1%
Track Record - Coupon Payments have been made in full and on time since first issuance in 2020.
Senior Secured
Senior secured means that specific collateral has been separated and set aside against the bond capital and legally sits under charge of an independent Security Trustee, completely separate to any Issuer/Company risk.
• Highest form of security
• Bankruptcy Remote
• Administered by Security Trustee
Investment Grade Bonds
Investment Grade Listed Bonds are Senior Secured, Listed and Rated between AAA-BBB.
• Freely Transferable to exit and sell on.
• Categorised as Low Risk.
• Investment Grade Bond default rates average 0.4%.
• The Propifi Bond has an A-Rating
A-Rated
Awarded an A-Rating for the 6th consecutive time. Last Certificate dated Dec 2022
Publicly Listed
The bond is publicly listed on the Boerse Frankfurt Stock Exchange & Dublin Euronext Exchange.