Bedford Row Capital PLC (BRC), a global non-bank structuring specialist today announces the launch of an 18-month inflation-linked sukuk. The notes will be EUR, CHF, USD and GBP, denominated Insured Money Market Certificates (IMMC^TM) and will be open to investment from 14^th October 2020.

The IMMC^TM is based on strict investment guidelines, incorporates insurance and credit enhancement, providing heightened risk mitigation. The transaction parameters of IMMC are based on a fixed price, fixed term and fixed return, providing additional certainty to investors.

Christoph Kruecken, Global Head of Business Development and Distribution for Bedford Row Capital PLC: “Investors are becoming more concerned about inflation with the amount of liquidity which has been pumped into the financial system. Our inflation-linked sukuk is a new way of looking at short-term inflation and will give investors looking for Sharia-compliant investments vital assurance and benchmark-beating returns in an unpredictable market.”

Bedford Row Capital PLC acts as the lead manager for the IMMC certificates. The inflation-linked sukuk follows the launch of Bedford Row Capital’s launch of a €250 million IMMC for the financing of agricultural supply chains and the first sukuk for the UK property market in September.

Scott Levy, CEO of Bedford Row Capital PLC, said: “The inflation-linked sukuk expands BRC’s strong presence in the sukuk market, diversifying our offering, and tapping into significant demand in a vibrant and rapidly growing market.” 

The IMMC will be listed on Frankfurt Stock Exchange and settles through Crest, Euroclear and Clearstream.