Gold Backed

9.75% Coupon Five Year Bond

Semi-Annual Interest

Zero Financial Leverage

Issuer

Global Precious Metals Dealer, Offices in N. America, Africa, Mid East & Asia

Ratings Agency

Credit Spectrum Corp

Issuer

S1 Series Designated Activity Company

S1 Series DAC

An Irish Designated Activity Company, created for the sole purpose of issuing debt and performance-linked securities under its $5bn secured note program. S1 Series was created to fill the gap in the SME funding market which remains largely underserved by the broader investment bank community.S1 seeks to lend against a broad range of asset classes, covering US Consumer Loans, FinTech, Real Estate, Renewable Energy, Alternative Finance and Natural Resources.

Trustee Counsel

Mason, Hayes & Curran

Corporate Services

Ocorian

Account Bank/Paying Agent

The Bank of New York Mellon

Use of Funds

Primary Business

Metals Arbitrage

The firm effectively captures the spreads that exist between buyers and sellers of gold in various formats and geographical locations throughout the world. The firms' physical precious metals inventory is always hedged against market fluctuations and is fully insured and secured, either in bonded vaults at a bank or refinery or in transit with a secure logistics company

Settlement Agent

The Bank of New York Mellon

The Product

$100m Listed Bond Issuance backed by a secured loan, which will also

include gold assets as collateral

Issuer Counsel

Dentons

Clearing/Settlement

Euroclear / Clear stream / DTCC

Issue Date

January 2024

Due Date

2029

Issue Size

Up to100 Million USD

Rating

BBB-

Format

Listed Bond

Listing

Vienna Stock Exchange MTF

Term

Term 5-Years

Coupon

9.75% Semi-Annual Coupon

Eligible

Accredited or 'sophisticated' investors

Minimum

125,000 USD


Redemption Proceeds

In USD or Gold Bullion (5KG min)

Firm Accounting

KPGM

Business Model

Generates streams of revenue from various segments of the gold supply chain

Long Term Contracts

Partners with regular suppliers of physical gold with long-term contracts to buy their inventory at a discount

Spreads

Captures low-risk spreads and other arbitrage opportunities

Resilient

Highly resilient business model

Leverage

Zero Financial Leverage

Forwards

Forward Contracts are used for price protection No speculation on price direction

2020 Revenue

22.6 Million USD

2021 Revenue

82.2 Million USD

Return on Capital


72%

2022 Revenue

115.5 Million USD

Return on Capital

71%

2023 Revenue

106.7 Million USD

Return on Capital

70.6%

Contact me for further details & and received


  • Term Sheet
  • Offering Memorandum
  • Corporate Slide Deck
  • Gold Leasing Opportunities
  • Financials



Please contact me directly by booking a call on my calendar

here: https://calendly.com/jr--13/15min?month=2021-08


MORE INFORMATION: 

 

If you would like to receive additional information about this offering do not hesitate to call or send me an email. I would be happy to follow up at your convenience. 


Best Regards


James Rider

FxVolResearch






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