BodySmart Finance Limited: Issue of Bonds
DGAP-News: BodySmart Finance Limited
/ Key word(s): Bond
BodySmart Finance Limited
(incorporated with limited liability in the Bailiwick of Jersey with registered number 131386)
44 Esplanade, St Helier, Jersey, JE4 9WG
BodySmart Finance Limited - Issue of New Bonds
3rd June 2020
BodySmart Finance Limited Series 2020-B1 12.00% Fixed Rate Bonds Due 2025
The Issuer is pleased to announce that as of 3rd June 2020, it has issued an initial US$15,000,000 in principal amount of its Bonds under its Medium Term Note bond programme.
BodySmart Investment Group's (the "Borrower") diversified trading activities are focused on the medical, aesthetic and wellness industry - a sector on the rise in the Middle East.
Funds from the Bonds will be used to strategically build the Borrower's portfolio by acquiring, establishing and managing the following type of entities:
- Cosmetic surgeries
- Polyclinic practices
- Health club practices
- Wellness, beauty and spa companies
- Medical equipment distribution companies
The Borrower already owns a successful portfolio of cosmetic clinics and wellbeing studios. The capital from the Bonds will be concentrated on acquiring and investing in businesses with strong past earnings that complement the Borrower's service range and geographical strategy. The recent health and economic conditions offer a unique occasion to derive high value from low priced assets in the market place.
The Borrower is regulated by the Dubai Health Authority and the Dubai Department of Economic Development.
For the Distributor: Glenn Scott-Ellis
For the Arranger: Hesham Dahman
03.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||BodySmart Finance Limited|
|JE4 9WG St Helier|
|Phone:||+44 1534 504000|
|Fax:||+44 1534 50444|
|Listed:||Regulated Unofficial Market in Frankfurt|
|EQS News ID:||1062481|
|Notierung vorgesehen. / Intended to be listed.|
|End of News||DGAP News Service|