Market Discussions

I been wanting to do a LONG term bond for a while now, since my investors are sad even when I close my bond after 6 months. So with the new XL citadel BPOs came a perfect opportunity. Therefore my proposition is as follows :



Chribba buys 1 citadel BPO maybe 2, depending on number of investors.

Chribba will receive 120b / 240b ISK, as collateral from me.
This is to over collateralize the bond (as per standard), and cover and loss of value and ensure my best behavior :)

Chribba will only grant me access to research and make copies of the BPOs.

Investors will receive a fixed 1.5% interest on investments per the 1st of each month, regardless of profits or losses on the investment.

The bond owners, which at this point already includes a few people, but is still open to more. Are those that are going to receive any profits after expenses or cover any losses.



This will be a LONG term bond, with intended end date.
Bond start date will be shortly before patch release of XL Citadels BPOs.

Currently we are looking for a feel for many people would be interested in this bond, as well as ideas, comments and maybe more bond owners.

More details below, as per previous bonds

Amounts need to be in full billions.
Interest will be 15m per billion per each 1st of the month, full period
- For easier accounting

In the event of a default, or lack of collateral, investors will be refunded their capital investment and accrued interest to that point it's possible. Any ISK after the liquidation will be taken be Chribba as extra payment. investors will get priority by time of investment, if need be, after Chribba's pay.

No fixed duration. Expected many years.
Cash out requests requires 20 days notice.

Just in case...

That was quick

Noted - Thanks

Confused about your section regarding collateral and specifically this: "140b / 210b ISK".

Precise - is due to not knowing if it's going to be 2 or 3 BPOs - and the numbers are 10% of those

Noted

I see no reason to move it, and if needed I would only accept it if done the way described or similar protection would be offered.
Otherwise I would rather cancel the bond, than run that sort of risk.


We will know before they are released thankfully :D

An interesting concept, Angelica! I am satisfied with the collateral being proposed and measures being taken to ensure safe keeping of the items.

I do have a concern, however, regarding the proposed return on investment. Since the copy time and consumption of blueprints can not be accurately assessed at this stage, how sure can you be of being capable of paying investors the proposed 1.5%/month stipend?

Additionally, as the facility to engage in the proposed activity is not currently available, may I presume that commitment of capital to the bond will be postponed until close to the time of the Citadel release?

Thank you, Angelica. On the basis that profitability is indicated once the full details are divulged regarding these blueprints and Chribba is interested in taking part in this venture, I will commit to investing 200B with the bond holders.