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European peer-to-peer lending market Debitum has introduced the second launch of Debitum Notes occurred yesterday (10 April).
Debitum Notes are short-term bonds with a maturity of as much as one yr. The primary Debitum Notes had been issued to Sandbox Funding – an affiliated mortgage originator of the platform – final month.
Learn extra: Debitum share capital will increase
The brand new launch contains ten Debitum Notes with rates of interest of between 12.5 per cent and 13.25 per cent each year.
They’re of a three- and six-month time period, with day by day and month-to-month curiosity funds and are once more originated through Sandbox Funding.
There’s a 10 per cent penalty payment for late principal compensation.
Learn extra: Debitum originator launches 2pc cashback supply
In December, Debitum launched an auto-invest product, which it mentioned provides “really passive earnings performance”.
The lending market mentioned that “after a number of months of intensive design and growth work” it has launched Debitum Auto Make investments.
Traders can resolve on parameters together with the utmost quantity of funding, the minimal and most charge of return, and whether or not to exclude or embody particular mortgage originators.
Learn extra: Debitum launches information channel for traders
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