Secured Private Notes
Debt instruments with an agreed coupon and maturity, supported by a security package set out in the transaction documents.
Secured Private Notes can be issued through a dedicated Mauritius vehicle against collateral or contracted cash flows. The investor's priority and any subordinated capital depend on the agreed structure. Security does not guarantee repayment.
The documents set the coupon schedule and maturity. Payments depend on the issuer's ability to meet its obligations. Security may include real assets, receivables or equity pledges, subject to legal review.
- 01The proposed vehicle, administrator and any security trustee are identified in the transaction documents.
- 02Legal review establishes how collateral charges, account controls and any guarantees can be registered and enforced in the relevant jurisdiction.
- 03Covenants govern leverage, distributions, related party transactions, and reporting cadence; breaches trigger pre agreed enforcement steps.
- Family offices seeking dollar yield with collateral protection
- Institutional credit allocators and private debt funds
- Sophisticated HNW investors meeting jurisdictional thresholds
- Credit risk of the underlying operator and collateral quality
- Sovereign and FX risk in the operating jurisdiction
- Liquidity risk, notes are held to maturity unless a secondary buyer is arranged
- Quarterly coupon statement and SPV operating update
- Annual audited SPV financials
- Ad hoc covenant compliance certificates
Convertible Notes
Hybrid instruments pairing current coupon with optional equity conversion at pre agreed operator milestones.
Asset Backed Project Finance
Senior project finance secured against discrete real assets, contracted cash flows, and defined construction to operation milestones.
Preference Shares
Priority distribution and structured economics ahead of common equity in qualifying SPV transactions.