Argentarius is pleased to announce that the Competent Authority of Gibraltar, the Gibraltar Financial Services Commission has confirmed that on the 27/05/2016 the Base Prospectus in respect of an Offering Programme of up to 252 billion Euros for the issuance of (Asset Backed) Exchange Traded Debt by iFinance PCC PLC. was approved for publication. On the same day, the Gibraltar Financial Services Commission has confirmed that the Base Prospectus in respect of an Offering Programme of up to 252 billion Euros for the issuance of (Asset Backed) Exchange Traded Instruments by iStructure PCC PLC. was also approved for publication. Argentarius was responsible for bringing the iStructure Programme and iFinance Programme to market. Both Issuers have been established for the purpose of issuing asset backed securities in the context of securitisation transactions. The iStructure Programme is set out for the securitisation and listing of alternative investments whilst the iFinance Programme is designed to securitise and list fixed income instruments. Both programmes will allow listing of asset backed debt securities and for passporting throughout the European Union.
“With the approved base prospectus we are able to issue Exchange Traded Instruments linked to Alternative Investments within a very attractive time-to-market environment and cost structure. ETIs as an access route for asset managers into the EU become even more attractive now”, says Argentarius CEO and Director of iStructure and iFinance Andreas Wolfl.
“We already have more than 20 clients in the pipeline to issue ETIs or ETDs under our issuance programme. The passporting into the whole EU makes Argentarius Exchange Traded Instruments and Debts even more interesting for asset managers and SMEs”, adds Edit Czigler, Deputy CEO of Argentarius and Director of iStructure and iFinance.