Netcapital ABS primary market offering launched

The primary market trading for Netcapital ABS’s open asset-backed securities (ABS) has commenced:

• Offering size: ₮30 billion
• Unit price: ₮100,000
• Coupon: 20% per annum (interest paid quarterly, principal paid semi-annually)
• Term: 24 months
• Underwriter: TDB Securities LLC
• Asset backing: ₮48.6 billion auto loan portfolio secured by fiduciary rights
• Subscription progress: reached 84.51% on the first day of trading