Artis and Jefferies reach agreement on bond programme

Artis Finance (“Artis”), a leading NBFI, has secured tier-one investment bank Jefferies as the arranger and underwriter on its US$2bn bond programme.

The pioneering new programme is an industry first and will allow fixed-income investors to buy listed, tradable bonds underpinned by a portfolio of fully credit-insured and receivables-backed loans to well-established corporates.

By converting receivables-backed loans into debt capital market securities, Artis aims to provide investors with a stable returns, while also offering a new source of patient, long-term capital to midmarket companies and multinationals. Unlike other trade finance funds, there is no risk of equity investors suddenly pulling funding through redemption notices.

Waldo de Vleeschauwer, CEO at Artis Finance, commented: “This new partnership with Jefferies is a major achievement. Their involvement is a key pillar in our efforts to create a genuinely new and pioneering trade finance product, in turn widening investor’s access to the emerging trade finance asset class.”

“We are providing corporate borrowers with funding more akin to that seen in the trade finance bank market, where capital is patient and long dated. These bonds will have a multi-year tenor, ensuring funding is resilient and robust.”

The partnership has been made following the investment from TDR Capital, a leading private equity firm, which manages more than US$13bn in assets and typically acquires market-leading companies with an emphasis on strong growth through economic cycles.

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.