OPI Secured Notes represents a solid and structured investment opportunity, backed by real collateral and issued under a secured note program of up to USD 20,000,000 with a possible extension to USD 50,000,000 issued by Primer Capital DAC (Ireland) and operated by BASCAR CAPITAL (Luxembourg) for Latin America.
This note, maturing in 2030, offers a fixed annual return of 11% with quarterly payments.
Its legal structure grants the issuer preferential rights over the total shares of the operator BASCAR CAPITAL S.à.r.l., including a real estate lien as the principal loan collateral, which provides additional security for the investor in a default scenario.
The funds raised are allocated to finance bridge loan operations. These loans are backed by a mortgage guarantee valued at more than double the amount loaned.
BASCAR CAPITAL has implemented mechanisms for control, compliance, and rigorous technical evaluation in each operation, demonstrating an efficient and transparent operational capacity, focused on capital preservation and secured returns.
The note issued under the OPI Secured Note program is backed by a structured guaranteed loan granted to BASCAR CAPITAL S.à.r.l., with a legal lien on 100% of its issued shares in accordance with the Security Interest Agreement signed with the issuer.
This agreement grants the issuer full execution powers in case of default, ensuring priority rights over the underlying asset, without the need for prolonged judicial processes.
Additionally, the borrower maintains a reserve account and a coupon payment agreement, which guarantees regular flows for the fulfillment of quarterly coupons, strengthening the predictability of the return.
The legal structure of the loan also includes operational restrictions and indirect personal guarantees, providing an additional recovery path in case of non-payment scenarios.
BASCAR CAPITAL applies a lending policy based on a conservative collateral structure, limiting the Loan-to-Value (LTV) ratio to 50% of the commercial value verified by official appraisals.
This prudent approach allows for minimizing risk exposure and preserving the solidity of the loan portfolio, ensuring that the value of the collateral always significantly exceeds the loan amount granted.
LTV compliance is supervised by BASCAR CAPITAL's internal legal and technical teams, as well as by the fiduciary agents involved in the issuance structure, who have monitoring and control powers.
An instrument contractually linked to a real loan, with guarantees granted through the assignment of 100% of the borrower's shares.
Strategy focused on urban assets with high valuation and solid legal backing.
Generates predictable income, with constant flows for the investor from the first quarter.
Payment priority over any other obligation of the issuer, with preferential access to the collateral in case of default.
Financial instrument listed on a European trading platform, facilitating transparency.
Listed on the Vienna Stock Exchange (MTF Market): A listable instrument on a European trading platform, facilitating transparency.
Accessible for international investors who wish to invest in US dollars.
Includes a reserve account and structured guarantees to mitigate operational and credit risk.
Regulated under Irish and Luxembourg legislation, complying with European standards.
| Series: | OPI Secured Notes |
|---|---|
| ISIN: | CH1108681094 |
| Issuer: | Primer Capital DAC (Ireland) |
| Investment manager: | Bascar Capital S.à.r.l (Luxemburgo) |
| Placing Agent: | Privatam SAM (Mónaco) |
| Fiduciary: | Trustmoore UK Trustees Limited |
| Auditor: | CAS Chartered Accountants (Irlanda) |
| Maturity: | December 15, 2030 |
| Issuance size: | USD 50’000,000 |
| Listing: | Vienna Stock Exchange (MTF) |
| Minimum investment: | Investment in USD10,000 |
| Currency: | US Dollars |
| Coupon: | 11% annually (quarterly coupons) |
| Coupon payment: |
March 15 June 15 September 15 December 15 |
| Clearing: | Euroclear / ClearStream / SIX |
| Data Diffusion: | Bloomberg |