Artis Loanco 1 PLC (“Artis”), a leading NBFI, can today announce it has received an investment grade rating of ‘BBB-‘ from Kroll Bond Rating Agency Europe (KBRA) for its secured Bond Programme.
The investment grade rating from KBRA is yet another milestone for the NBFI trade finance lender, which in the past year also reached landmark agreements with private equity firm TDR Capital and tier-one investment bank Jefferies.
The move is expected to grow the number of investors signed up to Artis’ pioneering new secured notes programme. Launched in 2020, the offering allows fixed-income investors to tap into the emerging trade finance asset class through listed, tradable bonds.
Jefferies is acting as arranger on the US$2bn programme, which in turn provides vital liquidity to midsized and multinational corporates trading internationally who might otherwise struggle to source finance from a retrenching bank market.
“We are extremely pleased to have gained an investment grade rating of BBB- from KBRA, less than a year after launching the company. It has been a period of rapid development at Artis and comes hot on the heels of securing TDR as a major private equity investor, and reaching an agreement with Jefferies, a tier-one investment bank, to arrange our secured bond programme,” commented Waldo de Vleeschauwer, CEO at Artis Finance.
About Artis Finance
Artis Finance is a leading Non-Bank Financial Institution (u0022NBFIu0022) with backing from major institutional investors, including private equity firm TDR Capital, tier-one investment banks and pension funds. rnrnHeadquartered in London, our private debt programmes are geared towards midlevel corporates and multinational firms operating in key markets for cross border trade – such as Europe, Asia, and the Americas – who are seeking to optimise their working capital arrangements and grow their business.