Sundance Strategies, Inc. announced that it expects to receive $500 million in funding
September 21, 2020
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Sundance Strategies, Inc. (OTCPK:SUND) announced an investment facility of bonds for an aggregate minimum amount of $250 million and maximum amount of $500 million on September 22, 2020. The bond offering is made on a best efforts basis by the placement agent. The transaction will include participation from accredited institutional investors. The bonds will be issue at par value. The bonds will be issued incrementally. The bonds will be issued in minimum denominations of $10 million and in an integral multiples of $1 million above the minimum amount. The bonds shall carry fixed rate of interest of 5% payable semiannually. The transaction is expected to close in the fourth quarter of 2020.
Sundance Strategies, Inc. is a professional services provider engaged in acquiring life settlements. The Company provides professional services to specialty structured finance groups, bond issuers and life settlement aggregators. As a professional services provider, the Company applies various practices to advise on the selection of specific portfolios of life insurance policies to meet the needs of its clients. Its clients include bond issuers, bond investors, or other structured finance product issuers. It develops strategies and methodologies, which include the acquisition of life insurance portfolios, then use common structured finance techniques and analytics to structure bonds for issuances, including principal protected bonds. The Company provide current and ongoing resources for all analytics, as well as advisement support for the investment and non-investment grade ratings for the managed asset pool and the managed cash accounts.
SUNDANCE STRATEGIES, INC. 
