Oh boy!!!!
BP have just issued two mortgage trusts:
One for $8M @ 9.35% and LVR of 58% for term of 18monhts.
It lasted for just over 2mins!!!
With some investments of as much as $300,000
The second one was for: $10M @ 9.1% and LVR of 65% for term of 24M
This one lasted for 7mins!!!!!
They came on at 1.10 pm consecutively.
A third one was issued just after the second one closed.
For $12M @ 6.9%
and is still open as of now (1.41pm) with $9.8M still to go!!!
I guess it demonstrates how popular with the "People in the Know" these
investments are.
I was able to get into both of them by being agile, although I did not have
any cash in my cash trust to invest unfortunately.
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