Anyone fancy a £1,000,000 bond paying 6% for 60 years (or more likely 9 years, depending which figure is correct)? Seems to be secured on an investment company owning mining / mineral assets in the US and Peru.
This is a product only avaliable to restricted investor classes and there is no evidence of a mechanism for anybody to verify they qualify so cant quite see how Huddle can have this on the platform.
Edit Min term is 5yrs or 60 months, maturity is 9 years, where the 60 years comes from is anybodys guess.
Minor shareholder in AC, BO, FO, CP, WA, Pfi, Ccube, Sdrs, AE, ABL. AC beta test. LAG, MTAG, FSAG
PLEASE NOTE : All opinions and observations made on this forum are my own view and made in a personal capacity. I have no links to any platform nor am I a financial professional so posts should not be considered financial advice or promotion. I accept no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in my posts.
Perhaps this is intended for different clientele through another marketing channel that hasn't got going yet? Will be interesting to see if there is any uptake. Probably not an accident we didn't get an email about it (did anyone?). Should only be marketed to restricted investors. Huddle would be a way to offer those people who would usually be sold this type of bond to access a Secondary Market (liquidity could be a different matter) rather than being locked in for 5 years. Would provide Huddle with a way to sign up new lenders. Just a theory.
The contradictory details are also bizarre for a platform that needs to create trust and attract new investors. That, and a complete lack of explanation as to what this deal really entails. Personally I cannot be bothered waiting around until 2077 for the loan to mature. At least the £1 is not feeling so lonely, now that another £15 has joined it.