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:
| Ranking | Senior |
| Nominal Value/Note at Closing Date | $ 10,000 |
| Number | 1,290 |
| Global Principal Amount at Closing Date | $ 12,900,000 |
| Annual Interest Rate | 7.00% |
| Expected Maturity Date | November 30,2020 |
| Frequency of Interest Payments | Quarterly in arrears during the revolving period
Twice per month in arrears during the amortization period |
Source: Midclear
