ATTENTION: Notes of Mercurius Funding N.V. - S.A., institutionele vennootschap voor belegging in schuldvorderingen naar Belgisch recht / société d’investisment en créances institutionnelle de droit belge, acting through its Compartment Mercurius-1 (Mercurius Funding), can only be acquired, held by and transferred to institutional investors or professional investors as described in article 5§3 of the Law of 20 July 2004 on certain types of collective management of investment portfolios, as amended or replaced (an Institutional Investor) acting for their own account. Mercurius Funding will suspend the payment of dividends or interests in relation to its securities of which it becomes aware that these are held by a person who is not an Institutional Investor acting for its own account.
MERCURIUS FUNDING N.V./S.A., acting through its compartment Mercurius-1 (the “Issuer”) purchases on closing date a portfolio of Belgian SME loans from Dexia Bank Belgium NV/SA. Mercurius-1 has financed the purchase through the issuance of Class A prand Class B notes. Further information can be found in the Prospectus.
Subordination of Class B Notes
3 per cent. p.a.
4,50 per cent. p.a.
Monthly Payment Dates
Interest and principal will be payable in arrears on the twenty-fourth (24th) day of each calendar month (or the first following Business Day if such day is not a Business Day), commencing on the Payment Date falling on 24/07/2012.
The Notes will be redeemed in sequential order starting from the most senior then outstanding Class of Notes. The Notes of each Class will rank pari passu and pro rata without preference or priority among themselves. Payment of principal and interest on any outstanding Class of Notes will be subordinated in relation to principal and interest payments made on any other outstanding Class of Notes ranking higher than such Class of Notes.
Notes may be subject to voluntary and mandatory prepayment on any Payment Date, with prepayments applied to the Notes in sequential order starting from the then most senior outstanding Class of Notes.
Optional Redemption Date
The Payment Date falling on 24 May 2015 (First Optional Redemption Date) and any Payment Date thereafter
The Notes will be issued in the form of dematerialised notes under the Company Code and will be represented exclusively by book entries in the records of the Clearing System operated by the National Bank of Belgium.
The Notes will be issued in the form of registered notes under the Company Code and will be represented exclusively by entries in the notes register held by the Issuer.