Debitum loan originator launches asset-backed securities

Debitum-affiliated loan originator, Sandbox Funding, has launched its first asset-backed securities (ABS) offering loans to energy sector companies in Latvia.

The Latvia-based firm is set to go live with the new product in the coming weeks.

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“The summer is a time of vacations, traveling, staying outdoors, and spending more time with family,” said Henrijs Jansons, chief executive of Debitum.

“For Debitum and Sandbox Funding, it’s a busy time as we are launching new and attractive investment projects for our investors.

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“I encourage investors to keep their attention on being together with families and other summer-related activities but at the same time to use the opportunity to increase the passive income profit rate. This is the right time for it.

“Just spend a few minutes of your time (while having morning coffee) and allocate your free funds to Sandbox Funding ABS and let your money extra-work for you.”

A summer cashback bonus of two per cent will be applied to all new investments in Sandbox Funding.

The offer is available from 18 July to 6 August 2023, and will be paid out weekly.

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