The 5% Bond, which is up to £7m, has been listed on the NEX Exchange Growth Market, offers a fixed rate secured bond, to customers of its corporate parent company, Project Imagine Ltd.
The Bond programme currently has a maximum limit of £7m, with expected issuance volumes of between £100k-£1m a month.
Dozens are an e-money and investment firm offering current accounts and investment products and cash savings accounts. They don’t agree that banks should base their business models on making money from things like overdraft fees and credit card charges, in other words, from customers debt. So they are looking at how they can help customers stay out of the red, and generate our income by helping their investments grow.
Having previously listed Bruce Pubs Plc, this latest transaction is one of a limited number of bonds currently listed on the NEX Exchange Growth Market and paves the way for more issuers to list debt securities via this method.
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