Oh boy!!!!BP have just issued two mortgage trusts:One for $8M @...

  1. 901 Posts.
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    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.
    Last edited by nimbus24: 06/06/24
 
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