Investor
Information

Key terms

Series 1

Series 2

Risk Disclosures
A summarized overview of Risk Factors for both issuances. The complete and comprehensive list is set forth in the Risk Factors section of the respective Offering Memorandum.
  • Issuer and Guarantor Credit Risk: The Issuer’s ability to pay coupons and redeem the principal depends entirely on the cash flows generated by its proprietary investments. If the Issuer fails to meet its obligations, liability transfers to the Guarantor—Dellecod Assets Limited, an entity within the same group.
  • No Limitation on Indebtedness: The terms of the notes do not limit the Issuer or Guarantor from incurring additional debt. An increased leverage profile may impair overall credit quality and heighten risk for noteholders.
  • Optional Early Redemption by the Issuer: The Issuer retains the right to redeem the notes early at par on specified dates. This caps the potential capital appreciation of the notes and exposes noteholders to reinvestment risk at less favorable rates.
  • Illiquidity and Absence of Public Listing: The notes will not be admitted to trading on any exchange. An active secondary market may not develop, making it difficult to exit or monetize the notes prior to maturity at a fair price.
  • Interest Rate Risk: The notes bear a fixed-rate coupon. Any rise in prevailing market interest rates is likely to adversely affect the market value of the notes.
  • Foreign Exchange Risk: All distributions and payments are denominated in USD. Investors operating in other base currencies bear the risk of unfavorable foreign exchange fluctuations.
  • Inflation Risk: Elevated inflation erodes the real purchasing power and real yield of fixed-income returns.
  • Transaction Costs: Purchasing, holding, and transferring the notes entail brokerage, custodian, and intermediary fees, which diminish total net returns.
  • Absence of Noteholder Representative: As of the issue date, no noteholder representative has been appointed. Any subsequent appointment requires a majority decision by noteholders, which may delay collective action or the enforcement of claims.
  • Lack of Credit Rating: The notes are unrated, which makes independent risk assessment more challenging and may restrict demand from certain institutional investor categories.
Documentation



For Existing Noteholders
  • Coupon Payment Schedule: January 15, April 15, July 15, and October 15 (applicable to both series)

  • Payment Settlement: Executed via the paying agent, New Venture Brokerage CJSC, directly to noteholder accounts

  • Issuer Notices: Published in this section as they become available

  • Investor Relations: ir@westgardenfund.com