Property Investment Bonds: The Nao Group Asset-Backed Fixed Income Bond

Important Notice

The Nao Bond is issued by Audacia Capital (Ireland) Plc. The Nao Group does not offer direct access to the bond. Access to the Bond is via intermediaries. If you are an intermediary please see Notice to Intermediaries below. If you are an individual you will need to seek the assistance of an intermediary who may provide you with advice and /or assistance in deciding whether the Nao Bond is right for you.

THIS COMMUNICATION IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the contents of this communication or the action you should take, you are recommended to seek your own independent personal financial advice immediately from your stockbroker, bank manager, accountant, fund manager or other appropriate independent financial adviser duly authorised under the UK Financial Services and Markets Act 2000 (“FSMA”) (as amended), if you are resident in the UK or, if not, from another appropriately authorised independent financial adviser.

The content of this communication has not been approved by an authorised person within the meaning of FSMA. Reliance on this communication for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.

This communication is exempt from the general restriction (in section 21 FSMA) on the communication of invitations or inducements to engage in investment activity on the grounds that it is directed only at persons who (i) are outside the United Kingdom; (ii) have professional experience in matters relating to investments falling within Article 19(5) (“investment professionals”) of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FPO”); (iii) are persons who fall within Article 48(2) (“certified high net worth individuals”) of the FPO; or (iv) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc”) of FPO; or (v) are persons who fall within Article 50 (“certified sophisticated investors”) of the FPO; or (vi) are persons who fall within Article 50A (“self-certified sophisticated investors”) of the FPO, or to whom it may otherwise lawfully be communicated (all such persons together being referred to as “relevant persons”). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. If the recipient is in any doubt as to whether they qualify as relevant persons, they should consult an independent financial adviser duly authorised under FSMA.

A “certified high net worth individual” is an individual who has signed, within the last 12 months, a statement complying with Part I of Schedule 5 of the FPO. A “sophisticated investor” is an individual who has signed, within last 12 months, a statement complying with section 50 of the FPO. A “self-certified sophisticated investor” is an individual who has signed, within the last 12 months, a statement complying with Part II of Schedule 5 of the FPO.

Nao Group

Nao Group seeks to raise £25 million through the launch of a Fixed Income Bond, in a first series funding round of property investment bonds. The launch of this listed bond is a very exciting milestone for us. We are inspired to deliver a product that today’s businesses truly want and, in the process, grow our company on an international scale and provide excellent returns to our investors.

Notice to Intermediaries

The Bond is not available direct to potential investors and is not distributed by the Nao Group to retail investors. If you are an intermediary please contact us to receive information relating to the distribution of the Bond.  Please note, there are restrictions on the distribution of the Bond in various jurisdictions.  In the UK, the Bond may be considered to be a speculative illiquid security. Consequently, it is not available to be distributed or sold by you to retail investors in the UK and you will be required to follow FCA Rules (COBS 4.14) and provide evidence to us of compliance with the relevant regulations (or their equivalent in other jurisdictions). 

About the Bond

The Bond is a high yield debt instrument that offers investors a fixed return over a five-year term. There is a minimum investment of £10,000. The Bond is secured against property assets and is eligible for investment in SIPPs, ISAs and UCITS funds.

The Bond issuer, Audacia Capital (Ireland) Plc’s listing details can be found here. The listing particulars can be found here.

Risk Warnings

The purchase of any investment involves substantial risks. Prospective purchasers of the Bond should be familiar with instruments having characteristics similar to them and should fully understand the terms of the Bond and the nature and extent of its exposure to risk of loss. Before making an investment decision, prospective purchasers should conduct such independent investigation and analysis regarding the issuer, the Bond and all other relevant persons and such market and economic factors as they deem appropriate to evaluate the merits and risks of investment. As part of such independent investigation and analysis, prospective purchasers should consider carefully all the information set forth in the Listing Particulars, particularly the risk warnings in Section 3 “Risk Factors”.

How funds will be used

Proceeds from the Bond will be utilised to acquire leasehold and freehold properties in the UK and to support company expansion plans in Europe and Asia-Pacific. Our long-term UK plan is to establish 15 co-working locations, with an initial focus on the South East of England and the London area. Aligned with our UK plans, Nao Group seeks to build upon its Asia-Pacific footprint and intends to use the funds to help secure co-working spaces in many new locations throughout the region in addition to expanding our presence across Europe.

Also available in USD.

This investment opportunity is not designed for retail investors.  In accordance with the Important Notice set out above, the opportunity is open to a limited range of potential investors.  Nao Group does not offer direct investment into the Bond.

Please contact an appropriate professional financial adviser if you are looking for more information.

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Bond Stats

SIPP, ISA & UCITS
eligible
5-Year
initial fixed term

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