NOW CLOSED – FULLY SUBSCRIBED
A warm welcome to all our new bondholders – your certificates will be issued over the next 3 weeks. If you missed out on this offer and want to be the first to hear of our next – send us an email
And here are 7 good reasons to invest in next offer
BWCE’s recently closed public offer was for 2 year fixed interest bond with 5.5% p.a. (6.00% for BWCE and associated body members) interest. See below for definition of associated bodies.
You can download the Bond Offer Document here.
The total projected cost of purchasing the Portworthy solar array will be £5.089 million. The bond offer aims to raise £1.682 million, with the balance coming from BWCE who will invest £905,000 from funds already raised, alongside a loan BWCE has been offered from a commercial lender for £2.502 million.
How your interest is calculated
Interest is calculated from the date your bond is issued. There will be 2 issue dates 16 December 2016 and 1 February 2016. The bond is a 2 year investment with the 5.5/6% interest p.a. interest rolled up and paid at the end of the second year. If you decide to redeem your bond after 2 years you will be repaid your capital and interest earned during the period. You may also have the option to renew your bond for a further period.
How to apply
Before you apply it is important you have read and understood the Bond Offer Document. Then, should you decide to continue, go to the Ethex website. Please be aware that there is a two-stage application process. The first stage will ask you a series of questions to ascertain whether you have understood the risks and rewards sufficiently before you move on to the application proper. If you have any problems when you come to this stage in the application don’t hesitate to contact me and I will do my best to help you.
Investment decisions must only be made on the basis of the offer document and not on information provided in this summary. Your original investment capital may be at risk and any return on your investment depends on the success of the Portworthy solar array and BWCE’s business as a whole. You should read the offer document in full, including the risk factors set out in the offer document, and the terms and conditions regarding this offer at ethex.org.uk before investing. You should consider taking appropriate financial and other advice before making any investment decision.
Associated bodies are those local community partners that have raised or plan to raise share capital and include PEC Renewables, Tamar Energy Community, Yealm Community Energy. Shareholder members of these organisations will receive the 0.5% bonus. Other local community partners include PL21 and Plymouth Energy Community. These two organisations have no share capital and do not plan to raise any and so their members will not be eligible for the 0.5% bonus rate. See the bond offer document for more details.