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Set of Notes LVX00007FC20

Details

Country

Latvia Latvia

Underlying loan type

Mortgage loans

Mintos Risk Score

Subscore
Loan portfolio performance
10.0
Loan servicer efficiency
7.8
Buyback strength
5.9
Cooperation structure
5.5
7.9

Initial principal

€ 189 681.69

Remaining principal

€ 133 834.44

Listing date

21.04.2023

Expected maturity date

The expected maturity date of the Set of Notes is initially set to the maturity date of the longest underlying loan plus 10 days. If the schedule of an underlying loan is extended, the expected maturity date is extended by 180 days.

14.03.2043

Initial maturity date

The initial maturity date of the Set of Notes is the date on which the longest underlying loan is initially scheduled to be fully repaid, plus 10 days.

14.03.2043

Interest rate

5.5%

Sink factor

The proportion of the Set of Notes that has not been amortized, calculated based on the weighted average sink factor of the underlying loans. Sink factor ranges from 0 (fully amortized) to 1 (fully unamortized)

0.71

Amortization method

The amortization method determines how the underlying loans are paid off over time.

Full

Structure

The investment opportunities on Mintos are based on loans that have been issued to borrowers by lending companies from around the world. To help fund the loans, the lending company makes them available to the issuer, which will create the Notes that investors can invest in on Mintos. There are 2 ways how Notes can be created based on these loans:

In the direct structure, the issuer acquires the title in loan receivables from the lending company that extended these loans to the borrowers.

In the indirect structure, the loans underlying the Set of Notes are issued to the lending company by a special purpose entity within Mintos group. These loans are collateralized with loans the lending company issued to its borrowers. The indirect structure is applied when there are reasons why the issuer can't acquire the loans against the borrowers.

Direct

Pending payments

If one or more of the underlying loans is more than 10 days pending, the Set of Notes is considered pending.

No

Interest on pending payments

Investors receive increased interest on payments that have been pending for more than 10 days.

6.60%

Interest on late payments

5.5%

Late loan exposure

The ratio of underlying loans that are late, calculated on the remaining principal.

0%

Invest

Available

The remaining amount available for investment.
-
Invest

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% / € 4.21

5802 Investor shares - 99% / € 133 830.22

Legal entity

AS Hipocredit

Lending company

Hipocredit

Note issuer

SIA Mintos Finance No.7

Final terms

Download PDF

Notes legal documents

Notes legal documents