By Lisa Kerner
Charlotte, N.C., July 31 – SolarCity Corp. priced a series of solar bonds to be sold from July 31 through Oct. 31.
The bonds will be issued as follows, according to a 424B5 filing with the Securities and Exchange Commission:
• $5 million of 2% solar bonds, series 2015/C17-1, due 2016;
• $5 million of 3% solar bonds, series 2015/C18-3, due 2018;
• $5 million of 4% solar bonds, series 2015/C19-5, due 2020;
• $5 million of 5% solar bonds, series 2015/C20-10, due 2025; and
• $5 million of 5.75% solar bonds, series 2015/C21-15, due 2030.
Interest for all of the bonds will be paid semiannually in arrears on Feb. 15 and Aug. 15, beginning on Aug. 15.
The bonds will be offered in denominations of $1,000 and multiples of $1,000.
San Mateo, Calif.-based SolarCity provides clean energy and financial products based on clean energy.
Issuer: | SolarCity Corp.
|
Issue: | Solar bonds
|
Amount: | $25 million
|
Price: | Par
|
Offering begins: | July 31
|
Offering ends: | Oct. 31
|
|
Series 2015/C17 -1
|
Amount: | $5 million
|
Maturity: | July 31, 2016
|
Coupon: | 2%
|
|
Series 2015/C18-3
|
Amount: | $5 million
|
Maturity: | July 31, 2018
|
Coupon: | 3%
|
|
Series 2015/C19-5
|
Amount: | $5 million
|
Maturity: | July 31, 2020
|
Coupon: | 4%
|
|
Series 2015/C20-10
|
Amount: | $5 million
|
Maturity: | July 31, 2025
|
Coupon: | 5%
|
|
Series 2015/C21-15
|
Amount: | $5 million
|
Maturity: | July 31, 2030
|
Coupon: | 5.75%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.