Professional investors in the bonds seek a higher yield and capital security – this is achieved through the high interest rates that corporate borrowers are prepared to pay for access to capital and the security they provide, being typically a registered debenture.
Each issue is segregated and secured against the assets relevant to it. This protects investors in each.
Individual Series can be issued every 4 to 6 weeks with anticipated issuance of £125m by end of 2018. Investor support is secured by virtue of the Programme enjoying the following key features as a "mainstream asset" for regulatory purposes:
The programme is issued through a UK private limited company with no assets or liabilities other than the securitisation package developed for each Series of Bond issuance.