Earlier today, JR Ship Investments – part of the JR Shipping Group – successfully concluded its bond issuing campaign. More than Euro 2.300.000,- was placed in a few weeks’ time. This new bond investment proposition was solely made to the inner circle of JR Shipping Group’s long year investor relations. This continuing support from its investor base is a positive by all means.
Both the markets of short sea multipurpose and short sea feeder vessels currently offer lot of interesting purchase opportunities, especially for those with funds available. The ‘Opportunity Bonds’ will serve the purpose of (max 50% loan to value) debt financing. The remaining part (being equity financing) already being in place. This allows for acquiring a suitable asset with an investment sum of about € 4 million.
The ‘Opportunity Bonds I’:
- Issued by: JR Shipping Opportunity I CV
- Denomination: € 25.000,-
- Coupon: 5%
- Repayments: € 625,- per quarter in 2019, 2020, 2021 and 2022
- Balloon repayment: € 15.000,- on December 15, 2022
- Security: First priority mortgage on a vessel that will be purchased
- Conditions: The bond financing will be max. 50% of the total investment
In the coming period, JR Shipping Group will make a selection out of all project options now on the table and then move forward. It is to be expected that ‘Opportunity Bond II’ will be issued later this year.
