DGAP-News

BodySmart Finance Limited: Coupon Payment Announcement

DGAP-News: BodySmart Finance Limited / Key word(s): Bond BodySmart Finance Limited: Coupon Payment Announcement 03.12.2020 / 13:00 The issuer is solely responsible for the content of this announcement. BodySmart Finance Limited

(the "Issuer")

(incorporated with limited liability in the Bailiwick of Jersey with registered number 131386)

44 Esplanade, St Helier, Jersey, JE4 9WG

 

BodySmart Finance Limited - Coupon Payment Announcement

3^rd December 2020

BodySmart Finance Limited Series 2020-B1 12.00% Fixed Rate Bonds Due 2025
(ISIN: GB00BMQ56V55)

(the "Bonds")

The Issuer is pleased to announce that it has paid, in full and on time, the coupon due to bondholders on 3^rd December 2020, under its secured Medium Term Note Bond Programme.

This is the Issuer's first coupon payment. The next coupon payment is due on 3^rd June 2021.

BodySmart Investment Group's (the "Borrower") trading activities are focused on the medical, aesthetic and wellness industry - a sector on the rise in the Middle East. The Borrower already owns a successful portfolio of cosmetic clinics and wellbeing studios and since the issuance of the Bonds, the Borrower has continued to invest strategically. Highlights include:

- Plans for an additional larger flagship location with more treatment rooms; which will allow a broader service offering and timetable for their clients

- Taking a major stake in an established wellness equipment manufacturer; whose equipment is used in gyms and health clubs across the world

- Commencing the retail channel of its strategy by selling leading specialist skincare treatments and products directly to their clients

The recent health and economic conditions offer a unique occasion to continue to derive high value from low priced assets in the market place.

The Borrower is regulated by the Dubai Health Authority and the Dubai Department of Economic Development and during the Covid environment of 2020, the Borrower's clinics and health clubs have passed all regular inspections. The wellness sector was amongst the first to re-open in early May 2020 and there has been good demand for their offering throughout the rest of the year.