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Illustrative Demonstration Data Only — Not Live Market Information.
The asset
Wagga Wagga Civic Renewal Bond — the underlying real asset securing this offering.
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Slide 1 of 3: The asset. Wagga Wagga Civic Renewal Bond — the underlying real asset securing this offering.
Coming soonLocal government · Wagga Wagga, NSW
Wagga Wagga Civic Renewal Bond
Wagga Wagga Civic Renewal Bond provides illustrative exposure to local government through council civic bond originated by Riverina Civic Finance in Wagga Wagga, NSW. Demonstration data prepared to show how the Democratise marketplace presents municipal & civic bonds offerings.
WWCB-32ERC-3643 (permissioned)Polygon (permissioned)FIRB pre-screenedLocal government exposureAustralian domiciledHigher risk profile
Key metrics
- Target raise
- A$77M
- Target yield
- n/a
- Term
- 84 months
- Risk band
- C
- Jurisdiction
- Australia — NSW
- Settlement
- Polygon (permissioned)
Use of proceeds
- Fund municipal & civic bonds acquisition and development costs
- Establish debt service and liquidity reserves
- Transaction, structuring and compliance costs
Structure
- Sponsor
- Riverina Civic Finance
- Trustee
- Equity Trustees
- Custodian
- BNP Paribas Securities Services
- Instrument
- Council civic bond
- Ranking
- Second ranking secured
- LTV
- 62%
- DSCR
- 1.70x
- Maturity
- 2035-06-30
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