BodySmart Finance Limited: Coupon Payment Announcement
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 - Coupon Payment Announcement
3rd December 2020
BodySmart Finance Limited Series 2020-B1 12.00% Fixed Rate Bonds Due 2025
The Issuer is pleased to announce that it has paid, in full and on time, the coupon due to bondholders on 3rd December 2020, under its secured Medium Term Note Bond Programme.
This is the Issuer's first coupon payment. The next coupon payment is due on 3rd June 2021.
BodySmart Investment Group's (the "Borrower") trading activities are focused on the medical, aesthetic and wellness industry - a sector on the rise in the Middle East. The Borrower already owns a successful portfolio of cosmetic clinics and wellbeing studios and since the issuance of the Bonds, the Borrower has continued to invest strategically. Highlights include:
- Plans for an additional larger flagship location with more treatment rooms; which will allow a broader service offering and timetable for their clients
- Taking a major stake in an established wellness equipment manufacturer; whose equipment is used in gyms and health clubs across the world
- Commencing the retail channel of its strategy by selling leading specialist skincare treatments and products directly to their clients
The recent health and economic conditions offer a unique occasion to continue 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 and during the Covid environment of 2020, the Borrower's clinics and health clubs have passed all regular inspections. The wellness sector was amongst the first to re-open in early May 2020 and there has been good demand for their offering throughout the rest of the year.
The bonds are admitted to trading on the Frankfurt Open Market.
For the Distributor: Glenn Scott-Ellis
For the Arranger: Hesham Dahman
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03.12.2020 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:||1152605|
|Notierung vorgesehen. / Intended to be listed.|
|End of News||DGAP News Service|