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BlueZest Secured Retail Bond PLC  -     

Blue Zest Secured Retail Bond Road Show

Released 15:48 01-Nov-2017

RNS Number : 3051V
BlueZest Secured Retail Bond PLC
01 November 2017

Roadshow Announcement

November, 2017 Source: RNS

BlueZest Secured Retail Bond PLC

1st November 2017

The information contained herein may only be released, published or distributed in the United Kingdom, the Isle of Man, Jersey and the Bailiwick of Guernsey in accordance with applicable regulatory requirements. The information contained herein is not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Japan, South Africa, the Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this document.


BlueZest Secured Retail Bond PLC - Roadshow Announcement

BlueZest Mortgages and Loans Limited ("BlueZest"), the specialist mortgage lender, today announces that it has mandated Bedford Row Capital to arrange a series of meetings with fixed income investors in the UK and Channel Islands, to discuss a possible issue of sterling denominated bonds ("Bonds"). Any resulting issue of Bonds will be made by another group company, BlueZest Secured Retail Bond PLC (the "Issuer"), as part of a bond programme that the Issuer intends to establish.  An offer of Bonds may follow, subject to market conditions, and an announcement will be made in due course, if appropriate.

About the bond programme

The Issuer intends to establish a programme for the issue of secured bonds (the "Programme").

It is expected that an application will be made for any Bonds issued under the Programme to be listed on the Official List of the Financial Conduct Authority ("FCA") and to trading on the regulated market of the London Stock Exchange plc ("LSE") and through the Order Book for Fixed Income Securities (OFIS): one of the electronic trading services operated by the LSE for retail bonds.

Bonds issued under the Programme will benefit from a number of security interests to be granted by BlueZest and/or the Issuer (as the case may be). The benefit of such security is expected to be held on behalf of bondholders and other secured creditors by Capita Trust Company Limited as trustee.

The security package includes (without limitation) security granted over and in respect of:

·      each UK residential property-backed mortgage loan that BlueZest originates using the proceeds of Bonds;


·      a mortgage indemnity guarantee policy, arranged by BlueZest with AmTrust Europe Limited (a global insurer and part of the AmTrust Financial Group who are rated A (Excellent) by AM Best), which is intended to be taken out against each mortgage loan that BlueZest originates using the proceeds of Bonds and so provide insurance against borrower default and subsequent losses suffered by BlueZest; and


·      certain bank accounts which are expected to be opened with a global financial institution into which the net proceeds of the issue of Bonds under the Programme will be held (pending utilisation for mortgage loan completions) and collections will be received from customers and held until they are used to pay amounts due on the Bonds.

The Programme is intended to enable the Issuer to regularly issue Bonds in denominations which make them accessible to retail investors. It is expected that the proceeds of each issue of Bonds will be on-lent to BlueZest and used to originate mortgage loans to customers secured against UK residential property and pay certain fees, costs and expenses incurred by BlueZest and the Issuer in connection with each issue of Bonds.

About BlueZest

BlueZest is a specialist mortgage lender which utilises technology in offering a range of carefully tailored Buy to Let and mortgage products. The company's focus is on lending to landlords, developers and small business owners, who have UK residential property to provide as security, by offering them a supportive business relationship as a preferred financing partner with open and honest fee structures, fast decisions, customer-focussed operations, and a commitment to delivering what BlueZest calls 'The BlueZest Advantage'.


Robert Ainscow

0115 6977955 / 07545 430812

Bedford Row Capital

Alistair Evans

Tel: +44 (0) 203 397 9912
Mob: +44 (0) 7791 090 069

Thornbridge Investment Management LLP

Charlotte Deakin             Tel: +44 (0)20 8004 3277


Press Enquiries: Smithfield Consultants

Olivia Evans

Tel: +44 (0) 203 047 2531

Mob: +44 (0) 7540 412 299


This announcement is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC (as amended and as implemented by relevant Member States of the EEA, the "Prospectus Directive"), and/or Part VI of the Financial Services and Markets Act 2000 (the "FSMA"). This announcement is not itself an offer for the sale of any Bonds. Investors should not subscribe for any Bonds referred to in this announcement except on the basis of information in the base prospectus (the "Base Prospectus") in its final form which is expected to be published by the Issuer. Before any offer of Bonds commences, copies of the Base Prospectus will be made available to the public as required by Part VI of the FSMA.

This announcement is a financial promotion prepared by BlueZest and approved by Thornbridge Investment Management LLP ("Thornbridge") solely for the purposes of section 21(2)(b) of the FSMA. Thornbridge is authorised and regulated by the Financial Conduct Authority (FRN: 713859).

No reliance may be placed on Thornbridge for advice or recommendations of any sort. Thornbridge makes no representation or warranty to you with regard to the information contained in this announcement. The content of this announcement is believed to be reliable but, in so far as it may do so under applicable law, Thornbridge does not warrant or make any representation as to its completeness, reliability or accuracy.

Thornbridge is acting for BlueZest and is acting for no-one else in connection with any offer of Bonds and will not be responsible to anyone other than BlueZest for providing the protections afforded to clients of Thornbridge nor for providing advice in connection with any offer of Bonds or any other matter referred to herein.

The distribution of this announcement and other information in connection with any offer in certain jurisdictions may be restricted by law and persons who come into possession of this announcement or any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any Bonds.

Any Bonds referred to herein will not be registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act"). Subject to certain exceptions, such Bonds may not be offered, sold or delivered within the United States or to, or for the account or benefit of, U.S. persons. Any Bonds referred to herein are expected to be offered and sold outside of the United States in reliance on Regulation S of the Securities Act. There will be no public offering in the United States.


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Blue Zest Secured Retail Bond Road Show - RNS