Be part of @seis.
Saver member. Subordinated bonds issued by @seis.
3.4%
fixed annual coupon
It is set in the deed of issue and paid on its date out of operating cash.
€9.50
is what one bond costs
Entry sits below ten euros. You can start with one.
12
exit windows a year
One every month. You ask for the buy-back inside the window and you go into that month's allocation.
How you get out
The first way is the buy-back. @seis buys your bond back for what you put in, in monthly windows, up to a cap of 5% of the outstanding balance per year. If a month gets more requests than fit, they are shared out pro rata.
The second is the members' board. You offer your bond to another member at that same value and the transfer is closed away from the board. If the annual buy-back cap runs out, you wait for the next window. It can happen and we say so here.
What we always publish
- The coupon and the date it is paid
- The outstanding bond balance of the holding
- The buy-back windows served and what was allocated in each
- The result of each farm and the kilos of each season