Amarog Capital Private Placement Instruments

Amarog Capital's primary financial instrument is – bonds. This standardisation makes Amarog Capital’s Private Placement bonds accessible to a wide range of existing and new investors looking to invest in infrastructure and development. It also makes the instruments directly comparable. However, within the bond structure, the instruments are designed to meet the individual financial requirements of the project.

Why Bonds?

Bonds are similar to loans in that there is a lender and borrower. However, the financial and legal structure of a bond makes it easier for multiple parties to finance.

Contained within the bond can be a variety of different asset classes, including:

Senior debt:

Is debt that takes greater priority over all other types of debt or equity. In the case of default, the lenders of senior debt have the first charge over the project assets, which are held in the SPV.

Subordinated debt:

Has a lower priority than senior debt, should default arise. Lenders of subordinated debt require a comparatively higher interest rate to compensate for the greater risk.

Equity

Amarog Capital can also raise project equity if required. Equity is by its nature higher risk as there is no recourse in the case of default.

Terms

Amarog Capital and its affiliates offers bond terms from FIVE to THIRTY plus years. We can designate bonds in Sterling, USD and Euros. The bond repayments can be structured as straight amortisation or bullet payments.

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