LegalPay, a third-party litigation funder and interim financier said it has launched interim financing bonds where retail investors can invest through its platform with a minimum investment of Rs 10,000 and earn high-yielding returns.
The tech-based fintech firm, which also invests in commercial litigations and insolvent companies, said that the first-of-its-kind bonds are fixed-income instruments to finance the expenses of the companies undergoing CIRP.
With an issue size of over Rs3 crore, these bonds have a credit rating of BBB- and have undergone stringent due diligence and risk assessment processwith asset cover of 100 times, it said.
Opening such investments to retail investors will act as a step towards democratising wealth creation …
Read the full article at: https://economictimes.indiatimes.com/markets/bonds/legalpay-to-launch-interim-financing-bonds-for-retail-investors/articleshow/96854472.cms