Market Discussions

Rapha Bond [400m - 8% - Open Ended]

Section 1-A little background
Section 2-Bond details
Section 3-Collateral
Section 4-Risk

Background
Hello MD!
Rapha here looking to attempt my first bond. I have been playing for a few months now and have been reading the forums (mostly missions/complexes and spamming google searches in order to find out what the heck I was doing ><) and happened upon the Market Discussion. I have been following many of the threads for a while now and have become amazed at the amount of ISK people are making trading, so I decided to give it a go. I have trained many of the trade skills (Accounting V and Broker Relations V and a few others) as these seemed to be the best way to increase my margins. After a few weeks trading I have been making good profit and to reward myself I figured I would buy one of my favorite looking ships The Rattlesnake, I really liked the mix of drone use and missiles. I was very excited to get it until I realized it would take quite some time to pilot it efficiently, something I regret not looking into further. With all that said I would like to setup this bond while I await my training so I can fly The Rattlesnake and do some higher level missions, level 1’s are so incredibly boring and from what I have seen not very profitable.

Bond information
Face Value: 400m ISK
Interest: 8% per month (To be paid every 30 days from start of bond)
Duration: Open ended (*read below for more details*)
Shares: 1 (See collateral information)

*The duration of this bond will be discussed with anyone who is interested. As I stated before it will be quite some time before I can pilot the Rattlesnake effectively and I would like to spend my time awaiting skills to earn ISK in order to maybe have a backup or shinier fittings for it :D. Any questions related to this please send me a mail in-game or leave it here!*

Collateral
As of now I am sitting at 174m ISK in total liquid ISK after buying the Rattlesnake. I would like to offer the Rattlesnake as collateral, however I know the snake is priced about 60m ISK less than I am asking for. Because of this I am offering, from what I have seen of the fully collateralized bonds, a higher interest rate in order to make up for not being able to fully collateralize it. I am happy to either have the investor hold it or to find a 3rd party (not sure if they bother with small operations like this but I will if necessary find someone trusted!)
Rattlesnake-Est. 340m

Risk
I understand the risks involved in attempting an operation like this, as well on the side of the investors and as this isn’t fully collateralized. I have no reputation here on the forums (which is another big issue for most from the failed offerings I have seen) but I am hoping someone will give me a shot and see that I am going to be successful in the undertaking, as well as letting me make some ISK for them!
Obviously life may get in the way, but as of now I am working 5 days a week, single and living alone so my distractions are very limited! If it is the case that something should come up investors will be notified and all trading will be halted, full return on bond will be paid as well as the entire months interest due for that month.

Thanks for taking the time to read my first attempt at a bond. Please leave any questions/responses/criticism (hopefully constructive and non trolling) here or send me a mail in-game!

-Rapha XX

Just got home from work will send you an in-game mail!

-Rapha XX

Confirming Cista2's acceptance of this bond for 400m. You will be recieving your first months interest payment on August 12! Thanks again for giving me a shot Cista2!

-Rapha XX

That's great, keep up the good work :)