Following the approval of the capital markets’ authority on November 14, 2016, BEMO securitization established the securitization investment fund entitled Rymco Drive IV SIF. As such, Midclear issued notes on Rymco Drive IV SIF for the fund’s subscribers on 22 December 2016. The details of the notes are as follows:
| Class A | Class B | |
| Ranking | Senior | Subordinated |
| Nominal Value/Note at Closing Date | LBP 15,000,000 | LBP 2,403,030,516 |
| Global Principal Amount at Closing Date | LBP 13,605,000,000 | LBP 2,403,030,516 |
| Annual Interest Rate | 7.5% | Residual |
| Expected Maturity Date | June 30,2021 | June 30,2022 |
| Frequency of Interest Payments | Quarterly | n/a |
Source: Midclear