Elanor Investors Limited (“Elanor”) is a successful ASX-listed real estate funds management business, with a focus on the retail, commercial & hotels, tourism and leisure sectors. Since listing in July 2014, Elanor has grown its total funds under management and balance sheet investments from $173m to over $1bn.
Elanor recently completed a $40 million issue of 5 year unsecured fixed rate Notes. The Note issue provides Elanor with permanent long term capital to fund strategic growth in conjunction with its existing bank facilities. The Notes facility improves Elanor’s capital structure efficiency as a non-dilutive, long term funding solution, while also maintaining a conservatively geared balance sheet.
Elanor is the latest property group to access the bond market through FIIG Securities and broaden its capital base. FIIG has provided a range of funding solutions across different sectors, including:
- Funding diversification to refinance and/or complement existing funding lines;
- Providing growth funding for capital expenditure and acquisitions;
- Optimising the capital structure through extending maturities, fixed or floating rates, secured and unsecured funding structures.