Laminar Capital has been mandated by Asymmetric Capital Partners to raise senior secured debt through the issue of a 2 year bond (with an interim call date of 02 December 2018) paying a rate of 8.0%
On the 08 February 2018 Asymmetric Credit Partners (under terms and conditions set out under the Information Memorandum dated February 2018) will be issuing Senior Secured Fixed Rate Bonds. The issue size is $6 million. The Interest Rate will be fixed at 8.00% p.a. until the Call Date (02 December 2018). If the deal is not called the fixed coupon will step-up to 10.00% p.a. until Maturity on 02 December 2019. The proceeds of the issue of the Notes will be used to provide bridging debt finance (“Loan”) in an amount of AUD $7.5 million to the Northam Solar Project described in the Security Summary.
Bond Details
| Offer Price: | $100.00 |
| Current Coupon: | 8.00% (fixed) |
| Yield To Maturity: | 8.00% |
| Offer Size: | $6,000,000.00 |
| Call Date/Maturity: | 02 December 2018 call date / 02 December 2019 Final Maturity |
| Min Investment: | $100,000 |
The following links provide further detail on the transaction.
Asymmetric Capital Partners – Security Summary
Asymmetric Capital Partners – Pricing Supplement
Asymmetric Capital Partners – Information Memorandum
Carnegie Clean Energy (ASX:CCE) Investor Presentation
This offer closes 16 February 2018 however Laminar Capital reserves the right to close the offer earlier subject to investor demand. Call us on 1300 130 918 for further information.