Set of Notes LVX000057UW2
Details
Country
ZA
Underlying loan type
Car rental
Mintos Risk Score
Initial principal
€ 50 112.55
Remaining principal
€ 4 077.64
Original Set of Notes currency
ZAR
Listing date
23.01.2023
Expected maturity date
12.12.2025
Initial maturity date
12.12.2025
Interest rate
14.5%
Sink factor
0.08
Amortization method
Full
Structure
Indirect
Pending payments
No
Interest on pending payments
17.40%
Interest on late payments
No
Late loan exposure
0%
Invest
Available
All loans underlying this Set of Notes come with a buyback obligation. That means if one of the loans is more than 60 days late, the lending company is obligated to buy back the relevant loan receivable from the issuer. Once the issuer has received the buyback price, the corresponding part of the Set will be redeemed early, and investors will receive applicable principal and interest.
Investment breakdown
Available for investment - 1% / € 0.68
1605 Investor shares - 99% / € 4 076.96
Legal entity
Inclusion South Africa (Pty) Ltd
Rental company
Planet42Note issuer
SIA Mintos Finance No.42
Final terms
Download PDFNotes legal documents
Notes legal documents