Corporate Bonds2 Oct 2013 11:51
Looks like things are developing fast at Good Energy. now they are launching a bond that pays 7.25%
Good Energy Group plc ("Good Energy" or "the Group"), the AIM quoted renewable electricity supplier, announces the launch of its first corporate bond ("Good Energy Bonds").
· The Good Energy Bonds offer investors a coupon of 7.25% per annum, paid half-yearly
· In addition, any Good Energy customer or generator investing in the Good Energy Bonds will be paid at maturity the equivalent to 0.25% for each year of being a customer and a bondholder
· The Good Energy Bonds have an initial term of four years and are being issued by Good Energy Group
· Looking to raise £5 million through the Good Energy Bonds, up to an over-subscription maximum of £15 million
· The Good Energy Bonds also provide investors with a strong social return, as funds raised from the Good Energy Bonds will be invested directly in UK clean energy infrastructure
· Investments can be made in multiplies of £500, with no maximum
· The Good Energy Bonds are an unsecured debt of the Company