Orchard Bond Finance has launched a bond offer via PrimaryBid. The bond offers an annual interest rate of 6.25% and it is partially guaranteed by AIM-quoted Orchard Funding Group (ORCH) that is limited to 10% of face value of outstanding bonds. Interest is payable twice a year and the repayment date is 2027. The offer is open until 23 February.
The offer is also available through other intermediaries, including Interactive Investor and AJ Bell. The minimum subscription is £2,000. The expenses of the offer are expected to be 4%-5% of the total cash raised.
This could be the first of many...
