ETNs are designed to provide investors access to the returns of various market benchmarks.
The returns of ETNs are usually linked to the performance of a market benchmark or strategy, less investor fees.
When an investor buys an ETN, the underwriting bank promises to pay the amount reflected in the index, minus fees upon maturity. Thus ETN has an additional risk compared to an ETF; if the credit of the underwriting bank becomes suspect, the investment might lose value, the same way a senior debt would.
Often linked to the performance of a market benchmark, ETNs are not equities, equity-based securities, index funds or futures. Although ETNs are usually traded on an exchange and can be sold short, ETNs don’t actually own any underlying assets of the indices or benchmarks they are designed to track.
Cirdan Capital Management LTD is a fintech company.
This is the arranger of the operation through of Aldburg SA emission vehicle.
Authorised and regulated by the Financial Conduct Authority – Authorization no. 744446
It’s a Luxembourg Public Company. It is the vehicle of
securitization that issues the note
Holding company, resident in Malta, owner of the
properties through investee companies
Quoted on the exchange:
ETN is listed on the Frankfurt Stock Exchange
The ETN can be treated daily. The customer can
sell, part or all, as you wish, entering your order directly into
€ 125,000, not for retail customers
Investments greater than or equal to € 125,000:
It is an investment, under Luxembourg law, carried out in one of the most important and credible financial centers in Europe
The organizer of the transaction:
CIRDAN Capital Managent is based in London and is controlled by the FCA. He is authorized to accept investment proposals such as private placements and to act as intermediaries with the financial marke
ISIN CODE XS2043951792
Underlying bond: € 10,000,000
The bond is securitized in € 1,000 note
For non-retail customers
the minimum investment is: € 125,000
and multiples of € 1,000
It is listed on Frankfurt stock exchange
Coupon distributed: 4% yearly
Duration: 10 years
BOND (Millions of euros)
INVESTMENT MIN. IN EUR