Urban Exposure launches bond issue



Urban Exposure Finance Plc (the “Company”), a wholly owned subsidiary of Urban Exposure Plc (“Urban Exposure”), the specialist residential development finance and asset management company, announces that it has launched an offer of 6.5% sterling bonds due 6 August 2026 (the “Bonds”).

The Bonds are available to retail investors and are being issued by the Company to originate loans which fulfil certain eligibility criteria, as more particularly described in the base prospectus dated 15 July 2019.

The Bonds will bear a fixed rate of interest of 6.5% per annum.  Interest will be payable semi-annually in arrear in equal instalments. At any time during the life of the Bonds, investors are permitted to sell the Bonds (within market hours and in normal market conditions) on the open market through their stockbroker.  The Bonds will be guaranteed by Urban Exposure.

The Bonds are expected to be listed on the Official List of the UK Listing Authority and admitted to trading on the regulated market of the London Stock Exchange.  The Bonds are also expected to be eligible for the London Stock Exchange’s electronic Order Book for Fixed Income Securities.

Peel Hunt LLP is acting as Sole Lead Manager on this issue.

The Authorised Offerors are:

  • AJ Bell Securities Limited
  • Equiniti Financial Services Limited
  • Redmayne-Bentley LLP


The Bonds have a minimum initial subscription amount of £2,000 and are available in multiples of £100 thereafter.

The offer period is now open and is expected to close at 12pm (London time) on 30 July 2019. The Sole Lead Manager retains the right to close the offer early, in conjunction with the Issuer.