The current housing crisis calls for innovative solutions from irelands creative class and provides exciting opportunities to make a contribution to society and earn attractive investment rewards.
Following the outstanding success of the Cremeegg Eggquity investment fund launched in December, see here for details, https://www.askaboutmoney.com/threads/new-eggquity-investment-fund.201602/, the Cremeegg bank is to launch shortly. (It would have launched sooner but Easter is a busy time). The bank will fund new housing developments in Ireland through the issue of housing bonds. AAM members are being given this advance notice, should they wish to invest.
The business plan. €2bn capital to be raised from initial investors in the capital of the Cremeegg bank. The bank will then issue bonds to the value of €10bn at a 2% interest rate to house builders to get the housing market going. This gives the bank 20% tier 1 capital easily meeting the Basel limits.
The bonds to be sold to international investors keen to gain exposure to Europe's fastest growing economy, and glad to receive a 2% return from assets secured on property.
Once the bonds are sold, investors capital €2bn will be repaid with a small premium and Cremeegg will walk away with €8bn.
Anyone who can identify any fundamental implausibility in this concept will be brought on board as an adviser.
Following the outstanding success of the Cremeegg Eggquity investment fund launched in December, see here for details, https://www.askaboutmoney.com/threads/new-eggquity-investment-fund.201602/, the Cremeegg bank is to launch shortly. (It would have launched sooner but Easter is a busy time). The bank will fund new housing developments in Ireland through the issue of housing bonds. AAM members are being given this advance notice, should they wish to invest.
The business plan. €2bn capital to be raised from initial investors in the capital of the Cremeegg bank. The bank will then issue bonds to the value of €10bn at a 2% interest rate to house builders to get the housing market going. This gives the bank 20% tier 1 capital easily meeting the Basel limits.
The bonds to be sold to international investors keen to gain exposure to Europe's fastest growing economy, and glad to receive a 2% return from assets secured on property.
Once the bonds are sold, investors capital €2bn will be repaid with a small premium and Cremeegg will walk away with €8bn.
Anyone who can identify any fundamental implausibility in this concept will be brought on board as an adviser.
