BEMO Securitization Distributes Notes to Subscribers of the Fund Cylinder 3 SIF

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 NotesClass B Notes
Nominal Value per Note at Closing Date10,000 USD1,200,000 USD
Global Principal Amount at Closing Date6,800,000 USD1,200,000 USD
Annual Interest Rate7%Residual (Undetermined)


Source: Midclear




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