New bond Releases from Pallas Capital

The Australian Bond Exchange represent Pallas Capital as the Lead Manager in the launch of a new note issue.

Key deal highlights:

  • 7.50% fixed rate coupon - paid quarterly
  • Term to maturity of 4 years
  • Issue size is limited to a max. of $100m
  • Registered first mortgage warehouse facility
  • Excellent security coverage supported by premium Australian property
  • Notes will have the benefit of a negative pledge given by the issuer
  • Long established lending relationships across multiple developers
  • Maximum loan term of 24 months
  • Quarterly performance and compliance updates
  • Highly experienced team in financial markets and property development
  • Will be added to ABE/IRESS trading platform to improve secondary market liquidity
  • Mitigated risk for Investors:

  • First mortgage position on Australian eastern seaboard real estate
  • Excellent security coverage with max. LVR of 65% based on independent valuations, no older than 3 months
  • Pallas provision of negative pledge position of 5% of issue size
  • Mandated diversification of loan pool with maximum single exposure limits
  • Further information:

    To find out more details and view Pallas documents, click here

    Contact details:

    To speak to Australian Bond Exchange for further information or to proceed with purchasing these bonds, call Markus Mueller from ABE on (02) 8076 9343

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