MTN, T.Bonds,UK Gilts
Dear Investor,/ Brokers
Do you have a buyer for a corporate bond backed by US Treasuries?
The bond is offered for 70. The instrument is Reg S. The governing law is Irish. I believe it's restricted in the United State.
The interest rate payable is 7.95% percent. The maturity date is June 30, 2030.
The seller's desk is in California.
The instrument can be delivered via Euroclear Bank SA/NV (Euroclear).
Please let me know if you, the Buyer or Broker have a buyer that can purchase immediately.
With kind regards,
Jack.
Price is 70
ISIN : IE00061QIFC6
The Corporate bond is backed by $860MM in Treasuries. $800M backs the bond the $60 M backs the two coupon payments, Coupons paid quarterly.
GT Securities and the settlement bank, Regions bank to give the buyers settlement bank
the following three essential confirmation at the time the DVP order is placed:
1. When the Buy Side Desk engages to place the DVP Order, before the DVP settlement commences, Region’s bank will confirm the bond is guaranteed by $800,000,000 U.S.
Treasuries for the 100% principal and on an going basis, two coupon payments equating $31,800,000 U.S. Treasuries will always be in the Trust account to secure the bond. This means a total amount of $831,800,000 U.S. Treasuries will always be held in Trust to secure the Renaissance bond.
2. At the time the DVP settlement commences, the CUSIP/ISIN number will be provided for the U.S. Treasuries that will be held in Trust to secure the bond.
3. After the DVP settlement, when the buyer/bondholder has custody of the Renaissance bond, custody statement of the $831,800,000 U.S. Treasuries in the Trustee Trust account evidencing the U.S. Treasuries on deposit that secures the Renaissance bond will be provided when the buyer has custody of the Renaissance bond. Upon receipt of the DVP order from your Bank’s Fixed Income DVP Settlement desk for this Renaissance Emerging
DAC Note as specified above, with your Bank’s DTC Standard Settlement Instructions (SSI), we will coordinate our Sell Side Fixed Income settlements team at Regions Bank Investments to engage with your Bank’s Fixed Income Settlements team to execute the $800 Million Face Value DVP trade.
I, XXXXXXXXXXXXXXXX of XXXXXXXXXXXXXXXX will
Click here for Custody Statement
Click here for Renaissance Emerging Funding DAC (the "Issuer")
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