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Illustrative Demonstration Data Only — Not Live Market Information.
The asset
National Fleet Equipment Lease Pool — the underlying real asset securing this offering.
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Slide 1 of 3: The asset. National Fleet Equipment Lease Pool — the underlying real asset securing this offering.
Closing soonEquipment finance · Brisbane, QLD
National Fleet Equipment Lease Pool
National Fleet Equipment Lease Pool provides illustrative exposure to equipment finance through lease receivable pool notes originated by Ironbark Asset Finance in Brisbane, QLD. Demonstration data prepared to show how the Democratise marketplace presents equipment leasing offerings.
NFEL-30ERC-3643 (permissioned)Redbelly NetworkFIRB pre-screenedEquipment finance exposureAustralian domiciledHigher risk profile
Key metrics
- Target raise
- A$33M
- Target yield
- 6.3% p.a.
- Term
- 84 months
- Risk band
- D
- Jurisdiction
- Australia — QLD
- Settlement
- Redbelly Network
Use of proceeds
- Fund equipment leasing acquisition and development costs
- Establish debt service and liquidity reserves
- Transaction, structuring and compliance costs
Structure
- Sponsor
- Ironbark Asset Finance
- Trustee
- Equity Trustees
- Custodian
- Zerocap (MPC, insured)
- Instrument
- Lease receivable pool notes
- Ranking
- Second ranking secured
- LTV
- 48%
- DSCR
- 2.10x
- Maturity
- 2035-06-30
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