Alpha Growth PLC Launch of Innovative Hybrid Product (9840D)
February 06 2018 - 2:00AM
UK Regulatory
TIDMALGW
RNS Number : 9840D
Alpha Growth PLC
06 February 2018
Alpha Growth plc
("Alpha", or the "Company")
Launch of Innovative Hybrid Product
Alpha Growth plc (LSE: ALGW), a financial services specialist in
the growing Senior Life Settlement ("SLS") asset class, is pleased
to announce the launch of its own Hybrid security. The completion
of the security into its marketable structure was finalised this
month. Alpha was advised under engagement on the structure of the
security by our advisors from one of the "Big Four" accounting
firms' London offices and Actuarial Risk Management of Austin,
Texas.
Alpha is offering the security to insurers and institutional
investors, providing an attractive risk yield over a 10-year term
with minimal correlation to conventional equity and commodity
markets. It is called the High Yield Return ("HYR") Security and is
a debt equity hybrid investment, coupled with risk management and
quality-rated collateral that provides diversity and safety in
return to a range of investors and insurers.
The HYR security is expected to provide an attractive investment
opportunity for insurers and other organisations with annuity-like
cash flows that have Asset Backed Security allocations. Based on
analysis conducted by its advisors and specifically the Big Four
accounting firm, regulated insurers under Solvency II could
generate Matching Adjustment compliant assets with significant
capital saving compared to an equivalent BBB bond.
HYR was developed by Alpha after surveying financial
institutional investors who were highly regulated and particularly
disciplined in their investment methodology. These investors
require a product that will have minimal impact on their regulatory
capital requirements yet provide predictable, attractive and
minimally-correlated returns with complete transparency in
management.
Gobind Sahney, Executive Chairman of Alpha, commented:
"We are delighted to announce this unique and innovative
investment structure with our respected advisors and have already
commenced discussions with insurers in the UK."
For more information, please visit www.algwplc.com or contact
the following:
+44 (0) 207 467
Alpha Growth plc 1700
Gobind Sahney, Executive Chairman info@algwplc.com
Cassiopeia Services (PR/IR) +44 (0) 7949690338
Stefania Barbaglio Stefania@cassiopeia-ltd.com
About Alpha Growth plc
Specialist in Longevity Assets
Alpha Growth plc is a financial advisory business providing
specialist consultancy, advisory and supplementary services to
institutional and qualified investors globally in the multi-billion
dollar market of longevity assets. Building on its well-established
network, Alpha Growth has a unique position in the longevity asset
services and investment business as a listed entity with global
reach. The Company's strategy is to expand its advisory and
business services via acquisitions and joint ventures in the UK and
the US to attain commercial scale and provide holistic solutions to
alternative institutional investors who are in need of specialised
skills and unique access to deploy their financial resource in
longevity assets.
This information is provided by RNS
The company news service from the London Stock Exchange
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