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  • Invoice financing
  • USD
Offering Completed: May 2021
  • Loan Quantum: USD 1,600,000
  • Tenor: 13-14 months
  • Gross Returns (p.a.): 4.75%
  • Minimum
    Investment: USD 10,000
For Accredited Investors Only

Investment Details

SDAX partnered with a leading global investment bank to launch an exclusive investment opportunity on our platform. This opportunity will only be available to Accredited Investors and other specified investors on the SDAX platform. This investment will be a participation in USD 2.8 million promissory note currently held by a leading global investment bank. Members have a chance to “co-invest” in this trade with the investment bank.

Art Investments Singapore

About the Issuer and Loan Purpose

The Obligor is a 4G mobile telecommunications service provider in South East Asian country. It is effectively a subsidiary of a sovereign wealth fund. The Obligor is the 4th largest telecom player in terms of revenue share in its country, ~13% market share by revenue and over 6.7mn active subscribers by Q1 2020. The company’s revenue grew at ~11% YoY in 2019 to over USD 745mn, a CAGR of ~31% from 2012 to 2019. EBITDA in 2019 was USD 142mn, an increase of more than 200% YoY. The promissory notes represent accounts receivables payable by the Obligor to its vendor arising from an equipment and services supply contract for telecom equipment with deferred payment schedule.

Investment Highlights

  • Short-term promissory note at an attractive coupon rate comparatively to the tradeable bonds
  • Rare co-participation investment opportunity with a global investment bank and only exclusively available via SDAX.
  • The investment bank will hold 20% of the promissory notes of this tranche (i.e. skin in the game) while SDAX investors will invest the balance. SDAX has also invested 10% in this deal.
  • Through the co-investment, investors can benefit from the due diligence undertaken by the investment bank and that the investment bank will facilitate the repayments
  • The promissory notes reflect the Obligor’s commitments to pay its vendor for the purchase of telecom equipment
  • The Obligor is backed by a strong sponsor with over USD 650mn invested.

Product Suitability

What would you gain or lose in different scenarios?

  • Best Case Scenario
  • Investor gets to make a return based on the agreed interest rate offered in addition to the investment principle committed to participate in the Term Loan Facility. 
  • Worst Case Scenario
  • In the event of default, recovery from the outstanding loan amount will be by way of liquidating assets that are being pledged as security for the Term Loan Facility.

Investor Profile for this issuance should be BALANCE.

The nature of the investment is BALANCE.

Risk & Reward involved with the investment BALANCE.

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Disclaimers

SDAX Capital Markets Pte. Ltd. (“SDAX Capital Markets”) is incorporated in Singapore with registration no. 201607263W and holds a Capital Markets Services licence (CMS100573) issued by the Monetary Authority of Singapore (“MAS”) under the Securities and Futures Act, Cap 289 (“SFA”).

SDAX Exchange Pte. Ltd. (“SDAX Exchange”) is incorporated in Singapore with registration no. 201914688R and holds a Recognised Market Operator licence issued by the Monetary Authority of Singapore (“MAS”) to operate a recognised market under the Securities and Futures Act, Cap 289 (“SFA”).

SDAX Capital Markets and SDAX Exchange are wholly owned by SDAX Financial Pte. Ltd. (“SDAX Financial”, together with all its subsidiaries and affiliates, the “SDAX Group”). All investments arranged and offered via our Platform, unless expressly stated, are made under (i) the “small offers exemption” as prescribed under section 272A (for SDAX Capital Markets only), (ii) “private placement exemption” as prescribed under section 272B (for SDAX Capital Markets only), and/or (iii) “institutional investor” exemption, or “accredited investors and other certain persons exemption” as prescribed under sections 274 or 275 of the SFA and is not made in or accompanied by a prospectus that is registered by the Monetary Authority of Singapore. We do not and will not perform any other activity that is regulated under any applicable Singapore law. In particular, we do not provide any form of investment advice or recommendation to any person. All data available on this website is strictly for information purposes only and should not be regarded as an offer, solicitation, invitation, advice or recommendation on our part to buy or sell any securities or other capital markets product or financial services. We make no representation or warranty (express or implied) as to the accuracy, completeness or quality of any information on this website. Users of this website are advised to seek independent financial, tax and legal advice or make such independent investigations as appropriate in connection with their use of this website. By using this website, you agree to be bound by our Website Terms of Use.

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