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is a simple debt instrument, sometimes referred to as a fixed- interest
security or a Non Readily Realisable Security. For this Offer, P1CP considers
that it is appropriate for retail investors who have confirmed they understand
the risks of the Bond. As the Borrower is making secured loans up to 75% of
valuation some of the risk is reduced, making it more appropriate for
debt-based interest. A copy of the Bond Deed, with some added notes to explain
financial terms, can be found at the end of this Document.
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