Fidelitas is pleased to announce the launch of the latest green energy retail bond.
Good Energy Group plc, the AIM quoted renewable electricity supplier, has today launched 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.
The well respected UK utility company is looking to raise £5 million through the bonds. The launch of the Good Energy Bonds is intended to raise finance for the Group to invest in increasing its own solar and wind generation capacity. The proceeds will contribute to the Group’s overall objective of developing 110MW of its own renewable energy generation capacity by 2016; targeting 50% of its customer’s future electricity supplies.
Good Energy has over 100,000 customers and generators, and has topped the Which? Customer Satisfaction Survey for electricity suppliers for three out of the last four years. It operates a 9.2MW wind farm which provides 16% of its electricity supply, with a further 8.2MW of wind-generated power capacity under construction. The Group is also now has a wind and solar farm development portfolio in excess of 200MW.
The Bonds provides investors with a strong social return, as funds raised 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
Applications for the bond are due to close on 13th November 2013. Visit the bond site here for further information and to apply.
Fidelitas Capital is the lead advisor on Good Energy Bonds.