John Davies

JLG Group raises £85m to support 2020 growth through bond sale

JLG Group has raised £85m worth of investment-grade corporate bonds to support its 2020 growth objectives.

The bonds are backed by the alternative finance provider’s portfolio of business loans, which allows investors to receive a fixed income as a result of its profitable SME funding model.

The bonds are fully tradable and boast a long-term stable outlook, with JLG Group stating that a further doubling of its lending book is realistic.

In addition to the bond programme, a number of institutions have expressed interest in providing further funding lines of more than £100m.

John Davies, executive chairman at the JLG Group (pictured above), said: “Our bond programme is a stable and controllable funding vehicle that is far less likely to be impacted by external headwinds. 

“The success of our bond programme can also be measured by the fact we have now redeemed the initial £23m three-year bonds issued in 2016.

“Importantly for investors, we continue to prove that our business approach works and we are confident of a further 100% growth of our loan book over the next 12 months.”

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