Capital Harvest Finance (RF) Limited

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Capital Harvest Finance (RF) Limited (2021-12)
  • Capital Harvest Finance (RF) Limited
  • Year : Dec 2021
3 Tokens
USD 300.00
Summary

The Transaction is an asset-backed securitisation of agricultural loans that are advanced to commercial farmers in South Africa. The agricultural loans are originated by Capital Harvest (Pty) Ltd (the “Originator” or “CH”), which operates as a primary and secondary agriculture financier, and sold to the Issuer by CH and/or the Capital Harvest Warehouse SPV (RF) Proprietary Limited (the “Warehouse SPV”). This is the first rated asset-backed securitisation programme that is backed by assets (the “Participating Assets”) originated by CH.

Additional Information

The Notes constitute direct, limited recourse, secured obligations of the Issuer. GCR would assess the impact of future tap issuances on existing ratings assigned if and when they occur. The claims of the Noteholders shall be subordinated to the claims of higher-ranking creditors in accordance with the relevant Priority of Payments.

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