Funds
Confidence in Resurgence
REST BOND
Confidence in Resurgence
Fund
Backing the Greek Economy
Real Estate
Tourism and Hotel development
Shipping
Acquisition of Panamax Vessels
Textile
Resurrecting En Klon
Aiglon REST Bond
Confidence in Resurgence
The main objective of the AIGLON REST Bond (ISIN: LU1694781391) is to generate return on investment through three different investment fields: Real Estate, Shipping Industry and Textile Industry. Investing in the resurgence of the Greek economy in a more diversified way.
Each Bond has a maximum term of nine years. Lock-up period is 3/6/9 years.
The Company will pay interest to bond holders at a fixed rate each year and under certain conditions a fixed interest of 4%. At maturity, the Bondholders will receive per Bond 100% of the initial investment plus accrued and unpaid interest from (including) the Issue Date to (but excluding) the Redemption at Maturity Date and additional amounts.
The EUR 100,000,000.00 (one hundred million euros) will mature on 31 December 2026.
Prospective investors and purchasers of the Bonds should have regard to the risk factors described in the section headed “Risk factors” within the Prospectus in connection with any investment in these Bonds.
Literature
View the literature for the AIGLON REST Bond by clicking the images below
Key Investor Information Document
Download our KIID to find out more about the AIGLON fund.
Fund Prospectus
Download the AIGLON Fund Prospectus to find out more.
Fund Factsheet
Download the AIGLON Fund factsheet for an overview of the fund.
Real Estate
The Issuer will invest the funds raised in a Real Estate Projects. More specifically, the funds will be targeted in northern Greece, Athens, Peloponnese and Lugano Switzerland.
The opportunities have tremendous potential with a generous Internal Rate of Return predicted. Download the prospectus for further detailed information.
Shipping
Five trends are set to shape the Global Shipping Industry in the coming years;
- The end of Commodity Super Cycle
- China Slowdown’s consequences
- Lifting of Iranian Sanctions
- Improvements in Data Collection and Storage Procedures
- Long-term Demographic Shifts
The middle class is growing in the emerging economies of Asia, Africa, and Latin America where disposable incomes will drive growth in demand for imports of commodities and finished goods.
One consequence for the maritime sector of a rise in consumer spending in developing markets will be long-term growth opportunities for container ships.
Capital raised by the Issuer will be used to acquire four four Panamax Vessels, Tanker Vessels and Pleasure Yachts. After repackaging, these vessels will be exploited for commercial purposes.
The acquired vessels will meet the highest technological and ecological requirements. Acquisition should constitute a fleet and achieve significant economies of scale, market specialization, flexibility, geographic diversification, and substantial upturn potential.
For more detailed information please download the prospectus.
Textiles
The net proceeds arising from the issue of the Bonds will be used by the Issuer to acquire, restructure and reopen a Greek Textile Company: “En Klo United Textiles” under a new brand name “Cavalieri del Bello”.
The United Textiles Corporation (‘’ EN KLO’’) has been in existence since 1929. At its peak of operations in 2000 - 2003, the Company had a market capitalization of approximately $6,000,000,000 (Six billion USD) and achieved revenues at 2003 of over €200,000,000. During the period 1992 to 2002, the Company was one of the largest vertically integrated textiles company in Europe with 2,500 employees. The Company ranked in the top 5 textiles companies in the world. Producing for Nike, Benetton, Adidas, and many other branded companies.
The company ran into problems from 2004 and by 2010 the Greek government intervened due to the importance of the producer to the Greek economy. Restructuring plans put in place fell apart due to the weak status of the Greek banking sector.
January 2016 saw the resurfacing of the restructuring plan. This plan has received a positive evaluation (even under the worst case scenario) by the independent appraiser who has been appointed by the Greek government for the technical and financial assessment of the project.
The evaluated Business plan based on the repositioning of a new ‘’clean’’ of debt Company itself into the current market by deploying assets and equipment according to its master plan. Key to this is the asset base of the Company. As the United Textiles is currently in liquidation, this plan presupposes the new Company emerges from liquidation and moves into full operation under its management. Please view the prospectus for more information.
FAQ
Relating to the overview of the Aiglon REST bond.What is the annual rate of return?
4 % Fixed Interest Rate provided however that for any 3 (Three) months period starting after any Payment Date of any Bondholder the rate applicable for the stated three months shall equal to the applicable EURIBOR rate.
What is the maturity date of the bond?
The Aiglon REST bond reaches maturity on the 31st of December 2026. The bond was issued on the 10th of May 2017.
Where will the proceeds of the bond be invested?
The proceeds will be used to invest in: the Greek Textile Industry, the Shipping Industry and in two Hotel and Tourism Real Estate Projects.
What makes this bond different to others?
Primarily, the proceeds of investments will be used to back the Greek economic resurgence. This will be structured in a diversified way across three important industries in Greece, industries that have thrived in the past and have the potential to thrive again.
What does the Real Estate investment entail?
The funds raised will be targeted to two real estate projects dedicated to tourism and hotel development in northern Greece, Athens, Peloponnese and Lugano Switzerland.
What does the Shipping investment entail?
The funds raised will be targeted to the acquisition of four Panamax Vessels. After reconditioning, these vessels will be used for commercial shipping.
What does the Textile investment entail?
The raised funds will be injected into the Greek textile company “United Textiles”. The objective is to allow, after restructuring, the restart of the company.
Download our fund prospectus
Prospective investors should read this entire Listing Prospectus and, in particular, the section headed “Risk Factors”, when considering an investment in the Bond.
