Summary
SPV Name:
Al Waseelah PLC
Notes:
Issuer is Al Waseelah Plc. Al Waseelah PLC is the issuer of the NQ Minerals PLC secured notes.
Noteholders will purchase NQ notes issued
by Al Waseelah PLC, which would in turn
undertake a commodity transaction with
NQ Minerals PLC.
NQ Minerals PLC will purchase
commodities from Al Waseelah PLC for
spot delivery on a deferred payment basis
(profit re-payment), terms of which would
replicate the features of the issued Al
Waseelah PLC.
NQ is an exploration, mining development
and processing company focused on
developing natural resources (principally
metallic minerals) in Australia.
ISIN - GB00BK4PG791
Profit rate:
10%
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