Products

A Repayment Obligation Certificate is a fixed-income product where the interest coupons are fixed and not variable.

 
In order to minimize risk, the RoC is issued in conjunction with a guarantee in the format of underwriting. This, therefore, changes the description to: “G-RoC”

​

The format of the G-RoC is that of normal Global Market Issues:

10-year medium-term note (MTN)
20-year long-term note (LTN)
30-year extra long-term note (ELTN)

​

The product description:

G-RoC MTN
G-RoC LTN
G-RoC ELTN

​

Interest Coupons:

7.5% G-RoC MTN
8.5% G-RoC LTN
9.5% G-RoC ELTN