# EGX Bond LLC
EGX Bond LLC is a Wyoming-registered limited liability company formed in 2022 and headquartered in Centerville, Utah, that describes itself as a special-purpose issuer of 9% fixed-coupon asset-backed bonds whose proceeds fund a claimed USD 1.5 billion loan to Enegra Group Ltd for commodity trade execution.[1](https://www.sec.gov/Archives/edgar/data/2028999/000202899924000001/0002028999-24-000001.txt) • [2](https://www.egxbond.com/) Its officers of record are Preston Fredrick Olsen (chief executive), Andrew Alan Mortlock (based in Jakarta), and Eli Andrew Weir (based in [Kuala Lumpur](https://www.edgepedia.org/kuala-lumpur)).[1](https://www.sec.gov/Archives/edgar/data/2028999/000202899924000001/0002028999-24-000001.txt) In the retrieved public record, the business-activity and performance claims about the company come from EGX Bond itself or from its borrower Enegra: the company's own site and press releases, and Enegra's announcements about the facility.[2](https://www.egxbond.com/) • [3](https://www.einpresswire.com/article/714229167/enegra-completes-initial-drawdown-of-funds-under-usd-1-5b-debt-facility)
| Key fact | Detail |
|---|---|
| Legal entity | EGX Bond LLC, Wyoming LLC formed 2022 (CIK 0002028999, EIN 921034144)[1](https://www.sec.gov/Archives/edgar/data/2028999/000202899924000001/0002028999-24-000001.txt) |
| Headquarters | 520 N Marketplace Dr, Suite 300, Centerville, Utah; mailing address in Preston, Idaho[1](https://www.sec.gov/Archives/edgar/data/2028999/000202899924000001/0002028999-24-000001.txt) |
| Activity | Issuer of 9% fixed-coupon asset-backed bonds funding a USD 1.5B loan to Enegra Group Ltd[2](https://www.egxbond.com/) |
| Amount sold (Form D) | USD 500,000,000 of a USD 1,500,000,000 offering, first sale June 24, 2024[1](https://www.sec.gov/Archives/edgar/data/2028999/000202899924000001/0002028999-24-000001.txt) |
| Bond terms | 9.00% fixed coupon, annual payments, stated 10-year term callable after year 5, USD 100,000 minimum, Regulation S[2](https://www.egxbond.com/) |
| Counterparty | Enegra Group Ltd (LL15959), Labuan-incorporated commodity trading firm[3](https://www.einpresswire.com/article/714229167/enegra-completes-initial-drawdown-of-funds-under-usd-1-5b-debt-facility) |
| Status | Presented as active through late 2025, with a claimed coupon payment on December 1, 2025[4](https://www.prnewswire.com/apac/news-releases/egx-bond-llc-issues-public-disclosure-confirming-successful-9-00-coupon-payment-for-regulation-s-bond-isin-usu2540taa44-302645959.html) |
## History and founding
The company's existence is documented by a single SEC filing. EGX Bond LLC filed a Form D notice of exempt offering on July 3, 2024, accepted by EDGAR at 13:48:16 that day, for a debt offering under Rule 506(b) of the [Securities Act of 1933](https://www.edgepedia.org/securities-act-of-1933).[1](https://www.sec.gov/Archives/edgar/data/2028999/000202899924000001/0002028999-24-000001.txt) • [5](https://www.sec.gov/Archives/edgar/data/2028999/0002028999-24-000001-index.htm) The filing reports a first sale on June 24, 2024.[1](https://www.sec.gov/Archives/edgar/data/2028999/000202899924000001/0002028999-24-000001.txt)
The loan the bonds fund predates the filing in public announcements. On May 24, 2024, Enegra Group Ltd announced the initial drawdown of funds under a USD 1.5 billion debt facility with EGX Bond LLC.[3](https://www.einpresswire.com/article/714229167/enegra-completes-initial-drawdown-of-funds-under-usd-1-5b-debt-facility) The issuer's most recent self-disclosure is a December 19, 2025 press release stating it distributed the scheduled 9% coupon in full on December 1, 2025.[4](https://www.prnewswire.com/apac/news-releases/egx-bond-llc-issues-public-disclosure-confirming-successful-9-00-coupon-payment-for-regulation-s-bond-isin-usu2540taa44-302645959.html)
## The bond structure and the Enegra loan
According to the company's site, the bond carries a 9.00% fixed coupon with annual payments (early redemption at 105% after year five), a USD 100,000 minimum investment, and availability under Regulation S, the exemption for offshore offerings to non-US persons; the site's stated 10-year term does not reconcile with the December 1, 2032 maturity reported for a bond whose first sale was June 24, 2024, so the effective term is unverified.[2](https://www.egxbond.com/) • [1](https://www.sec.gov/Archives/edgar/data/2028999/000202899924000001/0002028999-24-000001.txt) • [4](https://www.prnewswire.com/apac/news-releases/egx-bond-llc-issues-public-disclosure-confirming-successful-9-00-coupon-payment-for-regulation-s-bond-isin-usu2540taa44-302645959.html) The December 2025 release identifies the instrument as a Regulation S bond, ISIN USU2540TAA44, maturing December 1, 2032, trading over the counter via the Börse and [Stuttgart](https://www.edgepedia.org/stuttgart) exchanges on a trades-by-appointment basis only.[4](https://www.prnewswire.com/apac/news-releases/egx-bond-llc-issues-public-disclosure-confirming-successful-9-00-coupon-payment-for-regulation-s-bond-isin-usu2540taa44-302645959.html)
The stated purpose is a USD 1.5 billion loan to Enegra for commodity trade execution, infrastructure, and monetization.[2](https://www.egxbond.com/) Cbonds' prospectus text describes the issuer as a [special purpose entity](https://www.edgepedia.org/special-purpose-entity) created to issue the bonds, make the loan, and manage the collateral, with proceeds to be used by Enegra Group Ltd in its operation.[6](https://cbonds.com/bonds/1811105/)
Collateral is described in three tiers: GNMA or equivalent securities to be acquired during a "ramp-up period," EGX security tokens, and a debt facility agreement with Enegra.[2](https://www.egxbond.com/) The ramp-up language means the GNMA-tier collateral was not fully in place at issuance. The EGX security tokens, per Enegra's May 2024 release, represent 100% of Enegra's equity, issued as ERC-3643 tokens on the Polygon blockchain (ISIN MYA159590209) and held by a licensed trust company as nominee.[3](https://www.einpresswire.com/article/714229167/enegra-completes-initial-drawdown-of-funds-under-usd-1-5b-debt-facility) That release also states that EGX Bond's CEO, Preston Olsen, would be appointed to Enegra's board of directors following the drawdown, a related-party link between the lender and its borrower.[3](https://www.einpresswire.com/article/714229167/enegra-completes-initial-drawdown-of-funds-under-usd-1-5b-debt-facility)
## Funding record and discrepancies in the numbers
The Form D reports USD 500,000,000 sold of a USD 1,500,000,000 total offering, leaving USD 1,000,000,000 unsold as of July 3, 2024.[1](https://www.sec.gov/Archives/edgar/data/2028999/000202899924000001/0002028999-24-000001.txt) EDGAR's history for EGX Bond LLC shows only that single filing, with no subsequent amendments, registration statements, or periodic filings through the retrieved record.[5](https://www.sec.gov/Archives/edgar/data/2028999/0002028999-24-000001-index.htm)
Several figures in the public record conflict with each other:
- **Program size.** Cbonds lists the EGX Bond 9% USD bond due December 1, 2032 as outstanding with an outstanding amount of USD 3,500,000,000, which exceeds both the USD 500 million the Form D reports as sold and the USD 1.5 billion total offering size.[6](https://cbonds.com/bonds/1811105/) The Form D figure is the regulatory filing and is used here as the primary record.
- **Minimum investment.** The Form D reports a minimum investment accepted of USD 1,000,000 in one field, while the company's site and Cbonds state a USD 100,000 minimum investment or settlement amount.[1](https://www.sec.gov/Archives/edgar/data/2028999/000202899924000001/0002028999-24-000001.txt) • [2](https://www.egxbond.com/) • [6](https://cbonds.com/bonds/1811105/) The discrepancy is unresolved in the public record.
- **Enegra's net assets.** Enegra's own release claims audited net assets of over USD 50 billion from physical commodity offtakes focused on coal and nickel trading with China, Indonesia, and Malaysia; egxbond.com claims USD 61 billion or more.[3](https://www.einpresswire.com/article/714229167/enegra-completes-initial-drawdown-of-funds-under-usd-1-5b-debt-facility) • [2](https://www.egxbond.com/) Both figures are self-reported by the parties and unverified by any independent source in the record.
The Form D also reports sales compensation as "Other" and leaves the sold-to investor count blank, and lists officers spread across Preston, Idaho; Jakarta; and Kuala Lumpur.[1](https://www.sec.gov/Archives/edgar/data/2028999/000202899924000001/0002028999-24-000001.txt)
## References
1. [EGX Bond LLC Form D, Notice of Exempt Offering of Securities, filed July 3, 2024 (SEC EDGAR)](https://www.sec.gov/Archives/edgar/data/2028999/000202899924000001/0002028999-24-000001.txt)
2. [EGX Bond — 9% Asset-Backed Bonds for Institutional Investors (company site)](https://www.egxbond.com/)
3. [Enegra Completes Initial Drawdown of Funds Under USD 1.5B Debt Facility (EIN Presswire, May 24, 2024)](https://www.einpresswire.com/article/714229167/enegra-completes-initial-drawdown-of-funds-under-usd-1-5b-debt-facility)
4. [EGX Bond LLC Issues Public Disclosure Confirming Successful 9.00% Coupon Payment (PR Newswire, December 19, 2025)](https://www.prnewswire.com/apac/news-releases/egx-bond-llc-issues-public-disclosure-confirming-successful-9-00-coupon-payment-for-regulation-s-bond-isin-usu2540taa44-302645959.html)
5. [EDGAR filing index, accession 0002028999-24-000001 (SEC)](https://www.sec.gov/Archives/edgar/data/2028999/0002028999-24-000001-index.htm)
6. [International bonds: EGX Bond, 9% 1dec2032, USD (ABS) (Cbonds)](https://cbonds.com/bonds/1811105/)
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