LONDON – Propifi Bonds plc, an issuer of secured notes, has successfully completed the latest round of interest payments to its noteholders on December 31, 2024. The payments were made under a £5 billion medium -term note program of the company and includes several series of notes denominated in GBP, USD, and EUR, all listed on the Frankfurt exchange.

Interest payments are part of a regular schedule maintained by Propifi Bonds plc since the start of the program in 2020. Notably, the company has a track record of full payments without any defaults, which highlights in its commitment to fulfill its obligations to investors.

The notes, which have maturity dates ranging from 2025 to 2028, have undergone changes in their interest rates over time. The most recent adjustment took place in July 2023, with rates for notes due in 2028 being revised. The rates are set at 8.1% from January 12 to March 31, 2023, increase to 10.1% for the period between April 1, 2023, and March 31, 2024, and will be adjusted to 9.1% from April 1, 2024. , until March 31, 2025. After that, the rate will revert to 8.1% until the date of maturity.

The proceeds from the investment of these notes are channeled through Propifi Capital Ltd, which specializes in providing secured first-charge bridging loans to commercial property developers in the UK. The focus of these loans is on markets with significant undersupply, such as the assisted living, retirement, and social housing sectors.

Truva Corp is acting as trustee for the notes, offering its trustee expertise and capital markets administrative services. This collaboration is part of Propifi Bonds plc’s strategy to raise capital effectively and safely.

Investors and market watchers are informed that these interest payments and the company’s regulatory notices are documented and can be accessed through the National Storage Mechanism of the Financial Conduct Authority. This ensures transparency and regulatory compliance in Propifi Bonds plc’s financial communications.

The successful payment of interest marks another milestone for Propifi Bonds plc as it continues to maintain a strong financial relationship with its investors. This information is based on a press release statement from the company.

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