The fund Cylinder 3 SIF is a mutual fund launched and marketed by BEMO Securitization. The fund was approved by the Capital Markets Authority (CMA) on the 6th of August 2014. According to Midclear, BEMO Securitization distributed class A and B securities to the subscribers of the fund on the 24th of March 2016.
Description of the Cylinder 3 SIF Notes
|Class A Notes||Class B Notes|
|Nominal Value per Note at Closing Date||10,000 USD||1,200,000 USD|
|Global Principal Amount at Closing Date||6,800,000 USD||1,200,000 USD|
|Annual Interest Rate||7%||Residual (Undetermined)|