30/12/2020
Extension of the Mini Bond offer period
Pursuant to art. 2 of the Loan regulation, ARC Real Estate has deliberated to extend, from December 30th 2020 to March 28th 2021, the offering period of the Mini Bond issued, which will be offered for subscription for the amount equal to the part of the Loan not subscribed during the precedent offer period. This operation will also be held via the portal www.crowdbond.it.
07/12/2020
ARC Real Estate issues a Mini Bond for € 1,5 million
ARC Real Estate SpA has issued bonds for a total of €1,5 mln. The operation is listed on the Vienna Stock Exchange.
The Bonds will have a duration of 5 years, with a gross annual interest rate of 6% and quarterly coupons. Another important feature is the overperformance bonus: at the expiration date, a bonus of 5% will be rewarded if the financial performance of the NPL porfolios is more than 70%.
The sum collected will be used to purchase non performing loan (NPL) portfolios (secured and unsecured), originating on the primart market. The GBV (gross booked value) per portfolio will be between € 0,5 mln and € 10 mln, if the composition inclused secured and unsecured positions; the GBV will be between € 1 mln and € 50 mln, if the porfotlio is unsecured.
Founded in 1993, ARC is a global, independent info-provider for banks and investment funds. In the NPL market, the company has assets under servicing for € 1 billion, deriving from debt management and collection on behalf of third parties, and asset under management for € 15 million, deriving from the non-recourse purchase of small-sized porfolios on the primary market.
"The financial resources collected from the Mini Bond will be useed for the purchase of new portfolios. This activity will definitely make us as a global, independent partner for banks and financial institutions, with an end-to-end offer" says the CEO, Massimiliano De Castro. "This operation allows us to show our potential as originator for the portfolio selection, as advisor for the valuation, and as sevicer for debt management and collection acivities."
