A considered approach to senior secured notes. Defined assets. Disciplined structuring. A long-term perspective.
Discover the programmeTHE PROPOSED PROGRAMME Senior secured notes
Explore the fundamentalsAn investment should be understood from the assets up.
Secura’s proposed senior secured note programme is built around portfolios of US life insurance policies acquired in the secondary market. Its architecture brings the assets, issuance structure and investor documentation into one framework.
Our perspective begins with the underlying policies, the timing of collections and the protections specified for each series.
Explore the architectureSenior secured notes, structured around
US life settlement assets.
Proposed aggregate capacity
Proposed annual rate on nominal
Target policy face / note principal
Proposed bullet maturity
Programme design only. Policy face value is not cash value or a recovery guarantee. Final terms and availability depend on definitive documentation. Capital is at risk.
Distinct entities. Defined responsibilities. A structure designed to separate the ownership of the programme from the issuance of its notes.
Discuss the structureCreative Venture Investment Pte. Ltd. is the intended sole beneficiary of the US holding trust in the proposed ownership structure.
BENEFICIAL OWNERSHIPThe proposed US holding trust is intended to hold the issuer’s membership interest. Its final legal name, form, jurisdiction and trustee remain to be determined.
ISSUER OWNERSHIPThe proposed special-purpose issuer will issue the notes under the definitive programme and series documentation. Formation and issuer particulars require completion.
DOCUMENTED SECURITYPolicy eligibility, carrier exposure, premium obligations and collection assumptions form part of the portfolio review. Pool acquisition, servicing and security arrangements are subject to completion.
ASSET-LEVEL DILIGENCEThree questions that frame
an institutional review.
Examine policy selection, insurer quality, premium requirements and the assumptions behind expected collections.
Underlying portfolioUnderstand the proposed security, reserves, payment waterfall and the conditions attached to any credit enhancement.
Assess longevity, counterparty and liquidity risks alongside the investment term. A fixed coupon is not a guaranteed return.
Explore the illustrationExplore the arithmetic of a proposed 7.85% annual coupon against a selected nominal note amount.
This illustration assumes full, timely payment. It is not a forecast, yield-to-maturity calculation or investment recommendation. It excludes issue price, fees, tax and losses.
Nominal amount × 7.85%. Coupon total excludes principal repayment. Payment remains subject to the assets, risks and definitive terms.
The holding framework, beneficial interests and ownership records.
Programme and series structuring, issuance documentation and settlement arrangements.
A structured route to programme information, diligence material and the investment team.
Explore the programme, understand the structure and discuss the information required for your review.
FOR INSTITUTIONAL & PROFESSIONAL ENQUIRIES