{"id":2203,"date":"2022-10-07T09:11:51","date_gmt":"2022-10-07T09:11:51","guid":{"rendered":"https:\/\/vasilj.eu\/?page_id=2203"},"modified":"2023-12-01T13:36:18","modified_gmt":"2023-12-01T13:36:18","slug":"burgundy-exchangeable-bond","status":"publish","type":"page","link":"https:\/\/vasilj.eu\/?page_id=2203","title":{"rendered":"Burgundy Exchangeable Bond"},"content":{"rendered":"<h1>Burgundy Exchangeable Bond<\/h1>\n<div>\n<h1>Summary<\/h1>\n<table>\n<tbody>\n<tr>\n<td width=\"174\">\n<p><strong>Face Value<\/strong><\/p>\n<\/td>\n<td width=\"505\">\n<p>\u20ac20,000,000 at par (\u20ac21,600,000 at issue price)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"174\">\n<p><strong>Tenor<\/strong><\/p>\n<\/td>\n<td width=\"505\">\n<p>5 years<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"174\">\n<p><strong>Coupon<\/strong><\/p>\n<\/td>\n<td width=\"505\">\n<p>no coupon bond (zero coupon)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"174\">\n<p><strong>Redemption<\/strong><\/p>\n<\/td>\n<td width=\"505\">\n<p>from end of 1st year<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"174\">\n<p><strong>Number of Tranches<\/strong><\/p>\n<\/td>\n<td width=\"505\">\n<p>160<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"174\">\n<p><strong>Issue Price<\/strong><\/p>\n<\/td>\n<td width=\"505\">\n<p>above par value, target at 108<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"174\">\n<p><strong>Value of each Tranche<\/strong><\/p>\n<\/td>\n<td width=\"505\">\n<p>\u20ac125,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"174\">\n<p><strong>Expected Portfolio Return<\/strong><\/p>\n<\/td>\n<td width=\"505\">\n<p>Over 25% net of all fees annually (before distribution to investors and carry to asset manager)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h1>What is a Burgundy Bond?<\/h1>\n<ul>\n<li>Asset backed security with selected Burgundy wines as underlying assets<\/li>\n<li>Rating assigned by Rating agency (SCOPE GmbH) provides more liquidity and tradability<\/li>\n<li>With a rating, the Burgundy Bond is tradeable on the markets as any other fixed income security<\/li>\n<li>The Burgundy Bond can be pledged against a bank loan<\/li>\n<li>Term of 5 years with no coupon payments but possible redemption from year 1<\/li>\n<li>Zero leverage, so zero exposure to future interest rates raises<\/li>\n<\/ul>\n<h1>Burgundy Bond structure overview<\/h1>\n<\/p>\n<\/div>\n<p><img decoding=\"async\" src=\"\/wp-content\/uploads\/Burgundy-Bond-structure-overview.png\" alt=\"\"><\/p>\n<div>\n<h1>Team<\/h1>\n<h3>Franck P\u00c9TAIN<\/h3>\n<p>French national, studied Mathematics at the <a href=\"https:\/\/en.wikipedia.org\/wiki\/University_of_Nice_Sophia_Antipolis\" target=\"_blank\" rel=\"noopener\">University of Nice-Sophia-Antipolis <\/a>(Mathematic Science Advanced Degree) before he graduated from the <a href=\"https:\/\/en.wikipedia.org\/wiki\/EDHEC_Business_School\" target=\"_blank\" rel=\"noopener\">EDHEC business school <\/a>and earned an <a href=\"https:\/\/en.wikipedia.org\/wiki\/INSEAD\" target=\"_blank\" rel=\"noopener\">MBA from INSEAD<\/a>. Franck is the heir of a long Real Estate family tradition established in 1984 by his late father in Nice on the Riviera Coast.<\/p>\n<p>He has worked more than 20 years with start-ups and as a <a href=\"http:\/\/www.euruscapital.com\/index.php?lan=en\" target=\"_blank\" rel=\"noopener\">financial consultant <\/a>to assist Entrepreneurs in setting up and fund innovative Businesses, most notably in the Real Estate sector. He is one of the inventors and founders of a <a href=\"https:\/\/entreprises.lefigaro.fr\/viagers-mutualises-gestion-sas-83\/entreprise-810962936\" target=\"_blank\" rel=\"noopener\">Real Estate Investment Fund<\/a> in Reverse Mortgage (<em>Fonds Viager<\/em>). He then designed an innovative model in this area to leverage on potential building rights on top of the \u201cclassical\u201d reverse mortgage.<\/p>\n<\/p>\n<h3>Fran\u00e7ois NICOLLIER<\/h3>\n<p>French ans Swiss national, after European Business School and <a href=\"https:\/\/en.wikipedia.org\/wiki\/Paris_Dauphine_University\" target=\"_blank\" rel=\"noopener\">Paris IX Dauphine university<\/a> has decided to select export sector and after 2 years with Asea Brown Boveri electrical DC motors (Africa \u2013 Canada and USA)) has moved to luxury sector (Perfume, cosmetic and Make-up).<\/p>\n<p>Moving from \u00a0\u2013 Srendhal cosmetics\/ make-up \u00a0after 2 years Boucheron Perfumes (13 years) in charge of Caribbean, eastern Europe CIS countries, Italy, Greece, Cyprus, Malta Africa Middle East , Asia Pacific being finally export manager before creating its own company in 2002.<\/p>\n<p>Fran\u00e7ois has been in the wine business since 2009, has purchased primeurs wines from Bordeaux area since 2011 and is registered by French government as a company authorized to stock, purchase and resell alcoholic beverages, has sold wines to several private and professional customers as well as export to China\u2026<\/p>\n<p>Through its experience with Duty Free business and Tax-Free World Association in Cannes has acquired contacts and business opportunities in the wine sector and specially with Burgundy wine area. Fran\u00e7ois has a team along him with wine tasting experts allowing to select suitable wines.<\/p>\n<p>Fran\u00e7ois is attending TFWA Cannes and Singapore.<\/p>\n<h3>Nicolas VASILJ<\/h3>\n<p>French national, holds an <a href=\"https:\/\/en.wikipedia.org\/wiki\/%C3%89cole_sup%C3%A9rieure_des_sciences_commerciales_d%27Angers\" target=\"_blank\" rel=\"noopener\">ESSCA Master II degree in East-West International Relations<\/a>, and an <a href=\"https:\/\/en.wikipedia.org\/wiki\/Lincoln_University_(California)\" target=\"_blank\" rel=\"noopener\">MBA from Lincoln University<\/a>. Nicolas has more than 20 years\u2019 experience in assembling complex financial solutions on Emerging markets \u2013 including via direct investment and structured finance.<\/p>\n<p>Formerly with <a href=\"https:\/\/en.wikipedia.org\/wiki\/Julius_Baer_Group\" target=\"_blank\" rel=\"noopener\">Bank Julius Baer in Geneva<\/a>, he created a multifamily office for one of his clients and chaired several companies in Switzerland and abroad.<\/p>\n<p>As an international consultant, he published <a href=\"https:\/\/nbj-ru.translate.goog\/publs\/kak-sdelat-problemnyi-aktiv-doxodnym\/32137\/?_x_tr_sl=ru&amp;_x_tr_tl=en&amp;_x_tr_hl=fr&amp;_x_tr_pto=nui\" target=\"_blank\" rel=\"noopener\">an article on the management of non-profiled assets<\/a> in the National Banking Journal, a publication of the <a href=\"https:\/\/nbj-ru.translate.goog\/?_x_tr_sl=ru&amp;_x_tr_tl=en&amp;_x_tr_hl=fr&amp;_x_tr_pto=nui\" target=\"_blank\" rel=\"noopener\">Association of Russian Banks<\/a>. (ARB)<\/p>\n<\/div>\n<div>\n<style>\n.uk-navbar-nav {display:none;}\n<\/style>\n<\/div>\n<p><!--more--><br \/>\n<!-- {\"type\":\"layout\",\"children\":[{\"type\":\"section\",\"props\":{\"style\":\"default\",\"width\":\"small\",\"vertical_align\":\"middle\",\"title_position\":\"top-left\",\"title_rotation\":\"left\",\"title_breakpoint\":\"xl\",\"image_position\":\"center-center\",\"image\":\"wp-content\\\/uploads\\\/andreas-haslinger-aZgVmUVqkwA-unsplash.jpg\",\"padding\":\"large\",\"image_size\":\"cover\"},\"children\":[{\"type\":\"row\",\"children\":[{\"type\":\"column\",\"props\":{\"position_sticky_breakpoint\":\"m\",\"image_position\":\"center-center\",\"media_overlay_gradient\":\"\"},\"children\":[{\"type\":\"headline\",\"props\":{\"title_element\":\"h1\",\"content\":\"Burgundy Exchangeable Bond\",\"title_style\":\"heading-small\",\"text_align\":\"center\",\"title_color\":\"muted\"}}]}]}]},{\"type\":\"section\",\"props\":{\"style\":\"default\",\"width\":\"small\",\"vertical_align\":\"middle\",\"title_position\":\"top-left\",\"title_rotation\":\"left\",\"title_breakpoint\":\"xl\",\"image_position\":\"center-center\",\"title\":\"Executive Summary\",\"id\":\"Executive Summary\"},\"children\":[{\"type\":\"row\",\"children\":[{\"type\":\"column\",\"props\":{\"position_sticky_breakpoint\":\"m\",\"image_position\":\"center-center\",\"media_overlay_gradient\":\"\"},\"children\":[{\"type\":\"text\",\"props\":{\"margin\":\"default\",\"column_breakpoint\":\"m\",\"content\":\"\n\n<h1>Summary<\\\/h1>\\n\n\n<table>\\n\n\n<tbody>\\n\n\n<tr>\\n\n\n<td width=\\\"174\\\">\\n\n\n<p><strong>Face Value<\\\/strong><\\\/p>\\n<\\\/td>\\n\n\n<td width=\\\"505\\\">\\n\n\n<p>\\u20ac20,000,000 at par (\\u20ac21,600,000 at issue price)<\\\/p>\\n<\\\/td>\\n<\\\/tr>\\n\n\n<tr>\\n\n\n<td width=\\\"174\\\">\\n\n\n<p><strong>Tenor<\\\/strong><\\\/p>\\n<\\\/td>\\n\n\n<td width=\\\"505\\\">\\n\n\n<p>5 years<\\\/p>\\n<\\\/td>\\n<\\\/tr>\\n\n\n<tr>\\n\n\n<td width=\\\"174\\\">\\n\n\n<p><strong>Coupon<\\\/strong><\\\/p>\\n<\\\/td>\\n\n\n<td width=\\\"505\\\">\\n\n\n<p>no coupon bond (zero coupon)<\\\/p>\\n<\\\/td>\\n<\\\/tr>\\n\n\n<tr>\\n\n\n<td width=\\\"174\\\">\\n\n\n<p><strong>Redemption<\\\/strong><\\\/p>\\n<\\\/td>\\n\n\n<td width=\\\"505\\\">\\n\n\n<p>from end of 1st year<\\\/p>\\n<\\\/td>\\n<\\\/tr>\\n\n\n<tr>\\n\n\n<td width=\\\"174\\\">\\n\n\n<p><strong>Number of Tranches<\\\/strong><\\\/p>\\n<\\\/td>\\n\n\n<td width=\\\"505\\\">\\n\n\n<p>160<\\\/p>\\n<\\\/td>\\n<\\\/tr>\\n\n\n<tr>\\n\n\n<td width=\\\"174\\\">\\n\n\n<p><strong>Issue Price<\\\/strong><\\\/p>\\n<\\\/td>\\n\n\n<td width=\\\"505\\\">\\n\n\n<p>above par value, target at 108<\\\/p>\\n<\\\/td>\\n<\\\/tr>\\n\n\n<tr>\\n\n\n<td width=\\\"174\\\">\\n\n\n<p><strong>Value of each Tranche<\\\/strong><\\\/p>\\n<\\\/td>\\n\n\n<td width=\\\"505\\\">\\n\n\n<p>\\u20ac125,000<\\\/p>\\n<\\\/td>\\n<\\\/tr>\\n\n\n<tr>\\n\n\n<td width=\\\"174\\\">\\n\n\n<p><strong>Expected Portfolio Return<\\\/strong><\\\/p>\\n<\\\/td>\\n\n\n<td width=\\\"505\\\">\\n\n\n<p>Over 25% net of all fees annually (before distribution to investors and carry to asset manager)<\\\/p>\\n<\\\/td>\\n<\\\/tr>\\n<\\\/tbody>\\n<\\\/table>\\n\n\n<p><\\\/p>\\n\n\n<h1>What is a Burgundy Bond?<\\\/h1>\\n\n\n<ul>\\n\n\n<li>Asset backed security with selected Burgundy wines as underlying assets<\\\/li>\\n\n\n<li>Rating assigned by Rating agency (SCOPE GmbH) provides more liquidity and tradability<\\\/li>\\n\n\n<li>With a rating, the Burgundy Bond is tradeable on the markets as any other fixed income security<\\\/li>\\n\n\n<li>The Burgundy Bond can be pledged against a bank loan<\\\/li>\\n\n\n<li>Term of 5 years with no coupon payments but possible redemption from year 1<\\\/li>\\n\n\n<li>Zero leverage, so zero exposure to future interest rates raises<\\\/li>\\n<\\\/ul>\\n\n\n<h1>Burgundy Bond structure overview<\\\/h1>\\n\n\n<p><\\\/p>\"}}]}]},{\"type\":\"row\",\"children\":[{\"type\":\"column\",\"props\":{\"position_sticky_breakpoint\":\"m\",\"image_position\":\"center-center\",\"media_overlay_gradient\":\"\"},\"children\":[{\"type\":\"image\",\"props\":{\"margin\":\"default\",\"image_svg_color\":\"emphasis\",\"image\":\"wp-content\\\/uploads\\\/Burgundy-Bond-structure-overview.png\"}}]}]},{\"type\":\"row\",\"children\":[{\"type\":\"column\",\"props\":{\"position_sticky_breakpoint\":\"m\",\"image_position\":\"center-center\",\"media_overlay_gradient\":\"\"},\"children\":[{\"type\":\"text\",\"props\":{\"margin\":\"default\",\"column_breakpoint\":\"m\",\"content\":\"\n\n<h1>Team<\\\/h1>\\n\n\n<h3>Franck P\\u00c9TAIN<\\\/h3>\\n\n\n<p>French national, studied Mathematics at the <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/University_of_Nice_Sophia_Antipolis\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">University of Nice-Sophia-Antipolis <\\\/a>(Mathematic Science Advanced Degree) before he graduated from the <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/EDHEC_Business_School\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">EDHEC business school <\\\/a>and earned an <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/INSEAD\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">MBA from INSEAD<\\\/a>. Franck is the heir of a long Real Estate family tradition established in 1984 by his late father in Nice on the Riviera Coast.<\\\/p>\\n\n\n<p>He has worked more than 20 years with start-ups and as a <a href=\\\"http:\\\/\\\/www.euruscapital.com\\\/index.php?lan=en\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">financial consultant <\\\/a>to assist Entrepreneurs in setting up and fund innovative Businesses, most notably in the Real Estate sector. He is one of the inventors and founders of a <a href=\\\"https:\\\/\\\/entreprises.lefigaro.fr\\\/viagers-mutualises-gestion-sas-83\\\/entreprise-810962936\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Real Estate Investment Fund<\\\/a> in Reverse Mortgage (<em>Fonds Viager<\\\/em>). He then designed an innovative model in this area to leverage on potential building rights on top of the \\u201cclassical\\u201d reverse mortgage.<\\\/p>\\n\n\n<p><\\\/p>\\n\n\n<p><\\\/p>\\n\n\n<h3>Fran\\u00e7ois NICOLLIER<\\\/h3>\\n\n\n<p>French ans Swiss national, after European Business School and <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Paris_Dauphine_University\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Paris IX Dauphine university<\\\/a> has decided to select export sector and after 2 years with Asea Brown Boveri electrical DC motors (Africa \\u2013 Canada and USA)) has moved to luxury sector (Perfume, cosmetic and Make-up).<\\\/p>\\n\n\n<p>Moving from \\u00a0\\u2013 Srendhal cosmetics\\\/ make-up \\u00a0after 2 years Boucheron Perfumes (13 years) in charge of Caribbean, eastern Europe CIS countries, Italy, Greece, Cyprus, Malta Africa Middle East , Asia Pacific being finally export manager before creating its own company in 2002.<\\\/p>\\n\n\n<p>Fran\\u00e7ois has been in the wine business since 2009, has purchased primeurs wines from Bordeaux area since 2011 and is registered by French government as a company authorized to stock, purchase and resell alcoholic beverages, has sold wines to several private and professional customers as well as export to China\\u2026<\\\/p>\\n\n\n<p>Through its experience with Duty Free business and Tax-Free World Association in Cannes has acquired contacts and business opportunities in the wine sector and specially with Burgundy wine area. Fran\\u00e7ois has a team along him with wine tasting experts allowing to select suitable wines.<\\\/p>\\n\n\n<p>Fran\\u00e7ois is attending TFWA Cannes and Singapore.<\\\/p>\\n\n\n<h3>Nicolas VASILJ<\\\/h3>\\n\n\n<p>French national, holds an <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/%C3%89cole_sup%C3%A9rieure_des_sciences_commerciales_d%27Angers\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">ESSCA Master II degree in East-West International Relations<\\\/a>, and an <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Lincoln_University_(California)\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">MBA from Lincoln University<\\\/a>. Nicolas has more than 20 years\\u2019 experience in assembling complex financial solutions on Emerging markets \\u2013 including via direct investment and structured finance.<\\\/p>\\n\n\n<p>Formerly with <a href=\\\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Julius_Baer_Group\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Bank Julius Baer in Geneva<\\\/a>, he created a multifamily office for one of his clients and chaired several companies in Switzerland and abroad.<\\\/p>\\n\n\n<p>As an international consultant, he published <a href=\\\"https:\\\/\\\/nbj-ru.translate.goog\\\/publs\\\/kak-sdelat-problemnyi-aktiv-doxodnym\\\/32137\\\/?_x_tr_sl=ru&amp;_x_tr_tl=en&amp;_x_tr_hl=fr&amp;_x_tr_pto=nui\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">an article on the management of non-profiled assets<\\\/a> in the National Banking Journal, a publication of the <a href=\\\"https:\\\/\\\/nbj-ru.translate.goog\\\/?_x_tr_sl=ru&amp;_x_tr_tl=en&amp;_x_tr_hl=fr&amp;_x_tr_pto=nui\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">Association of Russian Banks<\\\/a>. (ARB)<\\\/p>\"}}]}]},{\"type\":\"row\",\"children\":[{\"type\":\"column\",\"props\":{\"position_sticky_breakpoint\":\"m\",\"image_position\":\"center-center\",\"media_overlay_gradient\":\"\"},\"children\":[{\"type\":\"html\",\"props\":{\"content\":\"\n\n<style>\\n.uk-navbar-nav {display:none;}\\n<\\\/style>\"}}]}]}],\"name\":\"Executive Summary\"}],\"version\":\"3.0.4\"} --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Burgundy Exchangeable Bond Summary Face Value \u20ac20,000,000 at par (\u20ac21,600,000 at issue price) Tenor 5 years Coupon no coupon bond (zero coupon) Redemption from end of 1st year Number of Tranches 160 Issue Price above par value, target at 108 Value of each Tranche \u20ac125,000 Expected Portfolio Return Over 25% net of all fees annually [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2203","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/vasilj.eu\/index.php?rest_route=\/wp\/v2\/pages\/2203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vasilj.eu\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/vasilj.eu\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/vasilj.eu\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vasilj.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2203"}],"version-history":[{"count":61,"href":"https:\/\/vasilj.eu\/index.php?rest_route=\/wp\/v2\/pages\/2203\/revisions"}],"predecessor-version":[{"id":2437,"href":"https:\/\/vasilj.eu\/index.php?rest_route=\/wp\/v2\/pages\/2203\/revisions\/2437"}],"wp:attachment":[{"href":"https:\/\/vasilj.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}