ZP Secured Direct Lending PLC 8% 5yr Bond
Zenzic Partners (“ZP”) is an FCA regulated merchant bank with extensive experience across asset management, structured finance and capital markets. Since 2015, ZP has acted on over £1.2bn of asset-backed transactions across the UK mid-market.
The ZP Secured Direct Lending PLC 8.0% 2024 Bond is a senior secured rated debt instrument that offers investors a fixed return over a 5-year period. The bond will generate returns through a diversified portfolio across its two investment divisions, ZSL Capital and BlueZest Mortgages.
BlueZest Mortgages; 70% of bond proceeds are used to fund buy-to-let mortgages in the UK. Investors benefit from 1st charge security over existing residential property supported by a portfolio wide insurance wrap with AmTrust. AmTrust is a globally recognised A- rated insurer, who underwrite the underlying assets against a market value decline of up to 40%.
ZSL Capital; 30% of the bond proceeds are used to fund development loans to SME real-estate developers in the UK. Investors benefit from security over development assets, in addition to wider non-development asset charges, corporate debentures and/or personal guarantees. Since inception, the portfolio has suffered zero capital losses and generated an IRR in excess of 20%.