BC Funding Solutions, in partnership with Trident Capital (Pty) Ltd (“Trident”) and RedInkcapital (Pty) Ltd (“RedInc”), are proud to offer institutional clients access to an exciting new asset class, namely Community Scheme lending environment.
Through Redinc’s innovative technology we were able to cater for the investment criteria and mandates of institutional clients.
We are pleased to announce the maiden note issue on JSE on the 25th May 2021 which is the first of its kind in the Community Scheme lending environment.
Salient features of the note listed on JSE on the 25th May 2021:
R55.0m issued of R250.0m tranche
25 May 2021
5 years from issue date
Jibar plus 350bps (floating rate Note)
Quarterly interest payments (capital repaid on a pass-through basis)
Settled through STRATE