European peer-to-peer lending marketplace Debitum has announced the second release of Debitum Notes took place yesterday (10 April).
Debitum Notes are short-term bonds with a maturity of up to one year. The first Debitum Notes were issued to Sandbox Funding – an affiliated loan originator of the platform – last month.
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The new release includes ten Debitum Notes with interest rates of between 12.5 per cent and 13.25 per cent per annum.
They are of a three- and six-month term, with daily and monthly interest payments and are again originated via Sandbox Funding.
There is a 10 per cent penalty fee for late principal repayment.
Read more: Debitum originator launches 2pc cashback offer
In December, Debitum launched an auto-invest product, which it said offers “truly passive income functionality”.
The lending marketplace said that “after several months of intensive design and development work” it has launched Debitum Auto Invest.
Investors can decide on parameters including the maximum amount of investment, the minimum and maximum rate of return, and whether to exclude or include specific loan originators.
Read more: Debitum launches news channel for investors
