European peer-to-peer lending market Debitum has introduced the second launch of Debitum Notes befell yesterday (10 April).
Debitum Notes are short-term bonds with a maturity of as much as one 12 months. 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 each day and month-to-month curiosity funds and are once more originated by way of 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 stated affords “actually passive revenue performance”.
The lending market stated 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 price of return, and whether or not to exclude or embody particular mortgage originators.
Learn extra: Debitum launches information channel for buyers
