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The latest update is out from Sancus Lending Group Limited ( (GB:LEND) ).
Sancus Lending Group Limited has announced the issuance of £1.9 million in bonds to Somerston Fintech Limited, with the bonds set to mature in October 2027 at an 8% coupon rate. This move is part of the Somerston Junior Funding Commitment, aimed at enhancing the capital available to Sancus Loans Limited to grow the Group’s loan portfolio, leaving £8.1 million of the funding commitment still available.
More about Sancus Lending Group Limited
Sancus Lending Group Limited operates within the financial services industry, focusing on providing lending solutions. The company is involved in issuing bonds and loans, aiming to expand its loan book through strategic funding initiatives.
YTD Price Performance: 22.22%
Average Trading Volume: 450,783
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.15M
For a thorough assessment of LEND stock, go to TipRanks’ Stock Analysis page.