BOND 24 JUNE 2020
Bond 24 June 2020
Italian Stock Exchange
ExtraMOT Pro market
• Step up 8% – 10% fixed quarterly coupon
• Duration 7 years – June 2027
• Secured by a revolving pledge on NPL mortgage loans
Davis & Morgan Euro 20,000,000 Step Up 8% – 10% maturity June 24, 2027 bonds, offer investors fixed quarterly coupon flows equal to 8% of the Euro amount outstanding during the first two years of the bonds and 10% up to the maturity date thereafter.
7-year bullet bonds – with maturity in June 2027.
Bonds are secured by a revolving pledge on NPL mortgage loans with underlying real estates in the main Italian cities.