Adamas Finance Asia Limited Issuance of Corporate Bond (4623Q)
October 21 2019 - 2:00AM
UK Regulatory
TIDMADAM
RNS Number : 4623Q
Adamas Finance Asia Limited
21 October 2019
21 October 2019
ADAMAS FINANCE ASIA LIMITED
(the "Company" or "ADAM")
Issuance of Corporate Bond
Adamas Finance Asia Limited (AIM: ADAM), the London quoted
company focused on providing shareholders with attractive
uncorrelated, risk adjusted returns from a diversified portfolio of
pan-Asian investments, is pleased to announce that it has
successfully raised gross proceeds of approximately US$1.9million
through the issuance of a US Dollar-denominated corporate bond to
family offices in the Middle East (the "Corporate Bond"),
representing the first close of a corporate bond issuance programme
of up to US$10 million.
This Corporate Bond, which matures in October 2022, has a cash
coupon with an interest rate of 12.5% per annum payable
semi-annually and is secured with a fixed and floating charge on
the corporate assets of the Company. The Company reserves the right
to change the terms of any future corporate bond issuance.
John Croft, Chairman of Adamas Finance Asia Limited,
commented:
"We are pleased to announce this fresh capital, which will be
reinvested in our pipeline of attractive higher income yielding
investments in emerging and established small and medium sized
enterprises across Asia. The Board considers this the most
appropriate method to raise the capital that the Company currently
requires to fund our initial investment pipeline, whilst adding new
investors into ADAM and diversifying the Company's sources of
funding.
Harmony Capital, our investment manager, who, through rigorous
diligence and disciplined risk management, remains dedicated to
delivering attractive income and capital growth for shareholders
with significant downside protection through selectively investing
in assets and proactively managing them."
For further information, please visit the Company's website at
http://adamasfinance.com and follow the Company on Twitter
(@AdamasFinance).
FOR FURTHER INFORMATION, PLEASE CONTACT:
Adamas Finance Asia Limited +44 (0) 1825 830587
John Croft
---------------------
WH Ireland Limited - Nominated Adviser +44 (0) 20 7220 1666
---------------------
James Joyce
---------------------
James Sinclair Ford
---------------------
VSA Capital Limited - Joint Corporate
Broker +44 (0) 20 3005 5000
---------------------
Andrew Monk
---------------------
Andrew Raca
---------------------
Pello Capital Limited - Joint Corporate
Broker +44 (0) 20 3700 2500
---------------------
Tim Sohal
---------------------
Maitland/AMO - Communications Advisor +44 (0) 20 7379 5151
---------------------
James Benjamin
---------------------
Peter Hamid
---------------------
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014
About Adamas Finance Asia
Adamas Finance Asia Limited (ADAM) is quoted on the AIM Market
of the London Stock Exchange and is committed to providing
shareholders with attractive uncorrelated, risk adjusted long-term
returns from a combination of realising sustainable capital growth
and delivering dividend income.
The Company is focused on providing growth capital and financing
to emerging and established Small and Medium Enterprises (SME)
sector throughout Asia, well diversified by national geographies,
instruments and asset classes. This vital segment of the economy is
underserved by the traditional banking industry for regulatory and
structural reasons.
The Company's investment manager, Harmony Capital, seeks to
capitalise on its team's established investment expertise and broad
networks across Asia. Through rigorous diligence and disciplined
risk management, Harmony Capital is dedicated to delivering
attractive income and capital growth for shareholders with
significant downside protection through selectively investing in
assets and proactively managing them.
Harmony Capital is predominately sourcing private opportunities
and continues to create a strong pipeline of attractive income
generating assets from potential investments in growth sectors
across Asia, including healthcare, fintech, hospitality, IT and
property.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IODBIBDGGDDBGCG
(END) Dow Jones Newswires
October 21, 2019 02:00 ET (06:00 GMT)
Jade Road Investments (LSE:JADE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Jade Road Investments (LSE:JADE)
Historical Stock Chart
From Apr 2023 to Apr 2024