Your bond.
In numbers.
Turn your project assumptions into a first financing scenario. Explore the cash flows. Understand the repayment. Start the conversation.
Structure
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Simulate
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A clearer view of your issuance.
Illustrative starting values.
Replace them with your project’s numbers.
Step 1 of 3 · Work through all three sections. Results update as you type.
This is a simplified, pre-tax scenario. It does not assess credit quality, collateral enforceability or suitability. Inputs and results are illustrative, not an offer or a promised return. Read the assumptions ↓
From first payment to final repayment.
Investor payment schedule
Annual payments and the amount returned at maturity.
Includes capital returned; this is not your profit.
Where the exit value goes.
The bank loan is settled first, followed by bond principal. Only the remaining surplus is shared between issuer and investors.
Annual cash flow schedule
All amounts in EUR across the entire issue, rounded for display. Scroll horizontally to inspect every component. Investor payments exclude exit proceeds in the annual columns; exit is shown separately.
| Year | Income | Operating costs | Issuer fee | Net operating income | Senior interest | Senior repayment | Debt remaining | Investor cash flow | Additional funding need |
|---|
Scenario assumptions
The assumptions
behind the numbers.
A transparent starting point for a project-specific discussion.
How are income and payments calculated?
Rental income and other income grow at the same annual rate, starting from year 1. Annual operating costs and the issuer fee are percentages of that combined income. The remaining cash after bank interest and principal repayment is the annual investor cash flow. There is no fixed coupon or reserve.
A negative annual cash flow is shown as an additional investor payment in this model and reduces the IRR. This is a modelling assumption, not a contractual obligation to contribute more money.
What happens at maturity?
Sale value = combined rental and other income in the final model year × the exit factor. The bank is repaid first, then bond principal as far as funds allow. The issuer receives the selected percentage of any positive remaining surplus; investors receive the rest. The issue premium is paid once at the start and is not repaid.
How are the loan and return calculated?
One bank loan: monthly interest on the opening balance of each month. Monthly principal repayment = original loan amount × the monthly repayment rate, capped at the remaining debt. For example, 0,15 % per month equals 1,8 % of the original loan per year until the debt is repaid. Bank repayment is not added to investor receipts a second time.
Annual IRR uses the initial investment including the euro premium and subsequent year-end cash flows. If the cash-flow pattern does not support one unambiguous IRR, no return figure is shown. All calculations use full precision; displayed amounts are rounded.
What is fixed, and what is outside the model?
The issue always comprises 10.000 bonds. Face value per bond is issue volume divided by 10.000; the issue price includes the premium. This is an illustrative subdivision, not a final denomination or offering document.
Taxes, own issuer expenses, acquisition and sale costs, refinancing, default proceedings and intra-year liquidity are not modelled separately. Operating costs exclude the separately entered issuer fee and bank payments. The result is a project scenario, not a complete investment budget, solvency review or promise of return.
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