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Illustrative Demonstration Data Only — Not Live Market Information.
The asset
Port Kembla Terminal Lease Notes — the underlying real asset securing this offering.
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Slide 1 of 3: The asset. Port Kembla Terminal Lease Notes — the underlying real asset securing this offering.
OpenMaritime · Port Kembla, NSW
Port Kembla Terminal Lease Notes
Port Kembla Terminal Lease Notes provides illustrative exposure to maritime through long-lease backed notes originated by Illawarra Maritime Capital in Port Kembla, NSW. Demonstration data prepared to show how the Democratise marketplace presents ports & terminals offerings.
PKTN-33ERC-3643 (permissioned)Redbelly NetworkMaritime exposureAustralian domiciledHigher risk profile
Key metrics
- Target raise
- A$58M
- Target yield
- 11.2% p.a.
- Term
- 72 months
- Risk band
- D
- Jurisdiction
- Australia — NSW
- Settlement
- Redbelly Network
Use of proceeds
- Fund ports & terminals acquisition and development costs
- Establish debt service and liquidity reserves
- Transaction, structuring and compliance costs
Structure
- Sponsor
- Illawarra Maritime Capital
- Trustee
- Perpetual Corporate Trust
- Custodian
- Zerocap (MPC, insured)
- Instrument
- Long-lease backed notes
- Ranking
- First ranking senior secured
- LTV
- 63%
- DSCR
- 1.20x
- Maturity
- 2034-06-30
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