GLIF : GLI Finance buys stake in UK Bond Network
GLI Finance has announced the acquisition of a 16.6% stake in UK Bond Network (www.ukbondnetwork.com)
UK Bond Network is a peer-to-peer bond platform. It provides bespoke finance to companies seeking loans or bond finance in the £500,000 to £4m range. The announcement describes how UK Bond Network operates.
For borrowers “UK Bond Network gives businesses the opportunity to create a bespoke finance structure on terms that suit them, before offering it directly to a pool of experienced investors via a 7-14 day auction. Funding is provided to publicly quoted as well as private companies and the amount ranges from £0.5m to £4m over terms of one to three years.”
For investors “Investors can participate from a minimum of £5,000 upwards per auction, have access to detailed suite of offer documents for each issue and pay no fees for use of the platform. Investors are able to select the bonds they want to invest in, and often benefit from the possibility of enhanced returns linked to the performance of the borrowing company.”
GLI paid £1m for its stake. The deal was flagged in GLI’s recent results statement.
James Carthew, who wrote this news item, is a director of GLI Finance Limited.