Cyprus Subsidiary of KLS Securities Initiates 50 Million USD Bond Issue
KLS Structured Investment Products Ltd., a Cyprus special purpose vehicle fully owned by KLS Securities LLC announces the registration of a 50 million USD bonds issue.
These bonds are being sold through a private placement and the offer is not open to the general public. The issue will not be listed on any stock exchange and shall be offered to a limited number of investors only, with no public advertising or other forms of public solicitation.
The total principal authorised amount of the issue is 50,000,000 US$ consisting of 500 bonds of 100,000 US$ face value each. The redemption date of the bonds is 15 December 2021.
The bonds were allocated ISIN No CY0146881012 and CFI Code DBZUFR by the Cyprus Stock Exchange.
The Issuer intends to use the proceeds of the issue of the bonds to finance investments arranged by and/or made by KLS Securities LLC or other entities substantially (which implies at least a simple majority of votes at the general meeting of members/shareholders) controlled by KLS Securities LLC or being under common control with KLS Securities LLC.
This issue is available to existing clients of KLS Securities LLC willing to make a long term investment with the group.