Chicago, July 24 Onate DAC privately placed two series of notes, both due June 8, 2028, according to a notice.
The company completed an offering for £10.12 million of series 1 notes and 10.28 million of series 2 notes.
The maximum amount Onate could issue in the first series is £15 million and the maximum amount in the second series is 20 million. Both notes are being issued under Onates 100 million secured note program.
Neither note had a discount.
The issuer is not rated and the bonds are not expected to be rated.
Listing for the dematerialized registered bonds will be in Vienna.
The issuer provides property bridging loans and is based in Dublin.
Issuer: | Onate DAC
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Issue: | Secured notes
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Maturity: | June 8, 2028
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Trustee: | Trustmoore Trustee (Ireland) Ltd.
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Trade date: | June 8
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Settlement date: | July 24
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Distribution: | Private placement
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Series 1 notes
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Amount: | £10,115,450
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Price: | Par
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ISIN: | IE000634ESE2
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Series 2 notes
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Amount: | 10,280,000
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Price: | Par
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ISIN: | IE000ZFQL1O8
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