Wednesday, 2 October 2013
7.25% Good Energy Bond
AIM-listed clean electricity provider Good Energy Group are hoping to raise up to £15m via the issue of a four year bond. They will pay 7.25% p.a. payable half-yearly - plus an extra 0.25% for existing customers who hold for 4 years.
The bonds will be classed as unsecured debt and also cannot be traded on the secondary markets. The minimum holding is £500 with no upper limit.
The money will be used to increase the group’s solar and wind generation capacity, developing 110MW of renewable energy by 2016 – 50% of its customers future electricity. To put this into context 110MW is enough electricity to power up to 25,000 homes for 25 years.
I am certainly tempted by the return on this one as well as the satisfaction of supporting a small company trying to provide a greener future.
Here's a link to the website for those who would like to look into this in more detail. The offer is open until 13th November 2013.