BSEC Establishes Securitization Investment Fund: DHC Healthcare 2 SIF

Following the approval of the capital markets’ authority on September 26, 2016, BEMO securitization (BSEC) established a securitization investment fund for Dima Healthcare, dubbed “DHC Healthcare 2 SIF”. As such, Midclear issued securities for the fund’s subscribers on 22 December 2016.  The details of the securities are as follows:

RankingSenior
Nominal Value/Note at Closing Date$ 10,000
Number1,290
Global Principal Amount at Closing Date$ 12,900,000
Annual Interest Rate7.00%
Expected Maturity DateNovember 30,2020
Frequency of Interest PaymentsQuarterly in arrears during the revolving period

Twice per month in arrears during the amortization period

Source: Midclear

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