BSEC Establishes Securitization Investment Fund: TFH SIF

Following the approval of the capital markets’ authority on November 14, 2016, BEMO securitization established the first securitization investment fund for TFH, called TFH SIF. As such, Midclear issued notes on TFH SIF for the fund’s subscribers on 7 February 2017.  The details of the notes are as follows:

 
RankingSenior
Number of Notes1,000
Nominal Value/Note at Closing DateUSD 10,000
Global Principal Amount at Closing DateUSD 10,000,000
Annual Interest Rate7.0%
Expected Maturity DateDecember 31,2020
Frequency of Interest PaymentsQuarterly

 

Source: Midclear

 

 

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