IEC) signs 100 million euro loan agreement with PKF PCC

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DGAP-News: Investment Evolution Corporation / Keyword (s): Agreement

Investment Evolution Corporation (IEC) signs € 100 million loan agreement with PKF PCC

06.04.2021 / 09:45
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Investment Evolution Corporation (IEC) signs € 100 million loan agreement with PKF PCC

SEYCHELLES, REPUBLIC OF SEYCHELLES / ACCESSWIRE / April 6, 2021 / Investment Evolution Corporation (MERJ: IEC) announces that it has signed a loan agreement of 100 million euros over 5 years with PKF PCC. The period of the loan agreement runs from April 1, 2021 to March 31, 2026 and the loan proceeds will be used to finance the planned significant expansion of IEC Credit, IEC’s consumer credit business that offers consumer loans in Spain through its online lending platform www.ieccredit.es.

Paul Mathieson, Founder and Principal Shareholder of IEC, said: “The € 100 million loan agreement with PKF PCC is the culmination of the tenacious efforts of the Investment Evolution team and will enable IEC to achieve its important potential. I believe this loan agreement is the important development in IEC history that will fuel significant and rapid growth in its lending business in Spain. “

To fund the IEC loan agreement, PKF Capital Markets (Seychelles) Limited will invest its own capital and issue an additional set of PKF PCC Fixed Rate Bonds to its high net worth institutional and private clients. PKF PCC also plans to list this additional series of PKF PCC bonds on the Seychelles Stock Exchange, MERJ Exchange Limited (MERJ), later in 2021.

“We are delighted to welcome PKF Capital Markets (Seychelles) Limited as an institutional investor in IEC,” said Sam Prasad, Executive Chairman and CEO of IEC. “This € 100 million loan agreement and the PKF PCC series of bonds provide IEC with a solid capital base to achieve the substantial growth expected for IEC Credit in 2021 and beyond.”

Justin Porteous, Chief Investment Officer of PKF PCC, said: “We are delighted to invest and partner with IEC to facilitate the growth of their lending business in Spain through our Loan Agreement and the Interest Bond Series. fixed PKF PCC. “

About PKF PCC

PKF PCC is a Seychelles-domiciled company and MERJ has granted a listing for the PKF PCC debt issuance program. The nature of the business and main activities of the Company is to issue Bonds and similar securities and to invest the proceeds in a portfolio of financial instruments, funds, Bonds and structured products in accordance with its investment policy. . PKF Capital Markets (Seychelles) Limited is a 100% shareholder of PKF PCC. PKF Capital is a licensed securities broker (license number SD001), a member of MERJ and a registered sponsor advisor for listed companies and those wishing to go public. As a diversified financial services firm, PKF Capital offers a full range of financial products and services, including corporate finance, sponsorship consulting, private wealth management and securities brokerage services to institutions and to private customers.

About Investment Evolution Corporation (IEC)

Investment Evolution Corporation is a publicly traded global financial group (MERJ: IEC) with a 10 year operating history providing consumer loans under 7 state loan licenses in the United States (www.mramazingloans.com) . IEC Investment Evolution UAB subsidiary offers online consumer loans of 1000? loans over 1 year and 2,000? 2-year loans in Spain (www.ieccredit.es). IEC has also developed IEC Transfer, a web platform using blockchain to enable free international transfers for OFWs in Europe. For more information on IEC, visit www.investmentevolution.com

Forward-looking statements

This press release contains forward-looking statements that include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied. Investors should not place undue reliance on forward-looking statements and the information contained in this press release should not be construed as investment advice.

Contact:
Sam prasad
Executive Chairman and Chief Executive Officer
Investment development company
[email protected]

THE SOURCE: Investment development company

04.06.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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