Security - Our Due Diligence
All loans that Minerva makes are asset-backed. That is to say that Minerva has the underlying security of a charge against these assets in the event of a loan default. Note that asset values may change depending on the market and may be insufficient in case of a default, and Minerva may not hold the only charge or the first charge which may impact the ability to.
The Bonds are listed on the Euronext Dublin Regulated Market (the Irish Stock Exchange). Minerva Lending plc is required to carry out its activities in accordance with the terms of the Prospectus and the relevant Final Terms, each of which is available on request.
All our investments are secured against the tangible assets of Borrowers. Please note a risk of shortfall will always exist depending on the specific circumstance should a default occur, there can be no guarantee that any realisation of such security will be sufficient to repay its Bonds and therefore you may lose some or all of your investment.
Minerva operates a three stage process to ensure that all loans are safe, sensible and commercially viable:
- The Collateral Manager conducts thorough due diligence on every loan proposal.
- Every loan request must be approved by the Credit Committee prior to being passed through to Minerva Lending plc's Board for consideration.
- The performance and credit quality of every loan is consistently monitored by The Collateral Manager's team.
Minerva Lending plc has appointed U.S. Bank Trustees Limited, a business authorised and regulated by the Financial Conduct Authority (FRN 462132), as the Issuer Security Trustee. This provides you with the peace of mind that there is an independent third party to administer the loans, and security in place in the interests of investors, should anything adverse happen to Minerva.
Although a Security Trustee which is authorised and regulated by the FCA is in place, the FCA does not regulate or oversee the specific activities of the Trustee, and as a result, consumers will not benefit from any associated regulatory protections
This website is exempt from section 21 of FSMA 2000 as it is directed at investment professionals, certified high net worth individuals, companies and unincorporated associations, sophisticated and self-certified sophisticated investors under sections 48-51 of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.