Bitbond Token

BB1

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Price
$0.62 USD (0%)

24h Volume
0

Market Cap
$1,654,436

Last Trade
December 8, 2023

Last Trade
December 8, 2023
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BB1 Price

Trading History

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Terms

Fundraise Information

Total Raise $100,000,000 USD
Soft Cap $0 USD
Raise Status Closed
Minimum Investment $1 USD
Accepted Investors International Non-US
Exemptions TBA
Instrument Bond

Token Information

Price Per (BB1) $0.62 USD (0%)
Token Issuance Platform Stellar X
Token Protocol Stellar
Security Type Fixed Income
Token Issuance Info No lockout period
Payment Options ETH

Token Rights

Token holders will receive 1% interest on their invested amount every quarter (4% per year). Additionally, token holders receive a variable coupon paid out once per year Moreover, both the quarterly and the annual coupons continue for 10 years, at which point the token reaches its maturity and is bought back at its face value of €1 per token

About

Overview

Bitbond delivers blockchain powered financial technology since 2013 in the fields of SME lending, tokenization and digital asset custody.

Highlights

Token holders will receive 1% interest on their invested amount every quarter (4% per year). Additionally, token holders receive a variable coupon paid out once per year Moreover, both the quarterly and the annual coupons continue for 10 years, at which point the token reaches its maturity and is bought back at its face value of €1 per token

The Bitbond Token (BB1) is Germany's first security token and represents a the following bond:
Par value per token: 1 EUR
Seniority: subordinated unsecured debt
Country of issue: Germany
Issued on: 01-JUL-2019
Maturity: 01-JUL-2029
Fixed coupon: 4.00% p.a. (frequency: quarterly)
Floating coupon: 60% of the pre-tax profit of issuer Bitbond Finance GmbH (frequency: annually)
ISIN: DE000A2TR7Q2, ITIN: 8WR5-AKBG-X
All coupons and the repayment of BB1 are EUR denominated and paid in XLM to holders of BB1 at the time of a payment due date

Team

Radoslav Albrecht

Founder & CEO

Jarek Nowotka

CTO

Michael Pinkus

CFO

Henning Franken

General Counsel

Michael Parsons

Head of Sales

Jangir Bektemissov

Head of Credit

Investors

Christian Vollmann

Point Nine Capital

Sky Level Group

Nelson Holzner

Felix Jahn

Use of Funds

Investments in SME loans on the Bitbond platform

40%

Financing of junior notes to leverage available capital

40%

Provision of working capital to Bitbond

10%

Administration, marketing, bounty program

10%

Documents