Audacia Capital (Ireland) plc is a public limited company established and registered in the Republic of Ireland, and which has been approved by the Irish Stock Exchange (Euronext Dublin) for the issue of a 150,000,000 EUR programme for the listing of securitised Corporate Bonds and with BBB+ credit rating. The purpose of the Company is to issue stock exchange listed Bonds for companies and in so doing, allow these companies to raise funds to be on-lent to their own business as working capital.
As a listed vehicle on a recognised liquid exchange, and with the ability to be daily valued, and 30 day liquidity, each Audacia issued Bond may be able to qualify as a ‘standard asset’ under the current guidelines published by the UK's Financial Conduct Authority. Being a standard asset does not automatically make an investment suitable for retail investors.
To ensure a degree of liquidity Audacia Capital (the issuer), will retain a minimum of 8% of all funds raised in a ring fenced trustee controlled cash accounts
With liquidity, listing, rating, and an off market, Market Maker the bonds may be eligible to receive investment from professional pension trustees, professional ISA managers, and other professional investment managers and eligible counterparties.
Section 110 - No Withholding Tax for Investors
The program is set up as a Section 110 structure which means investors in an Audacia issued Bond receive the full gross interest payment.
Audacia Capital (Ireland) PLC is listed on the Euronext Irish Stock Exchange (GEM)