LCL Opportunities Luxembourg S.C.S., a wholly-owned subsidiary of LynxCap Investments AG, has successfully issued EUR 20 million of fixed rate bonds with a four-year tenor.

08 Aug 2022LCL Opportunities Luxembourg S.C.S. is pleased to announce that it has successfully issued senior secured fixed rate bonds in the amount of EUR 20 million under a framework of up to EUR 100 million. The amount of the issue corresponds to LynxCap’s financing needs and is consistent with LynxCap’s strategy to match its investment pipeline with capital raised.

The bonds have a four-year tenor and carry a fixed rate coupon of 9.00 per cent per annum. Consistent with the Private Placement Memorandum, LynxCap has offered a professional payment guarantee as well as a parent guarantee to all its investors. The bonds were issued at a price of 100 percent of the nominal amount.

The proceeds from the new bond issue will be used to acquire non-performing loan portfolios and REO portfolios in Southern as well as Central and Eastern Europe.

Clément Konrad & Partners S.à r.l. (Bertrand Job – Partner), acted as legal advisors for the bond issue. LynxCap investors include Swiss pension fund managers and professional asset managers as well as regional mutual funds and pension funds.

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