By Lisa Kerner
Charlotte, N.C., Oct. 30 – SolarCity Corp. priced a series of solar bonds totaling $25 million to be sold under its solar bonds program from Oct. 30 through Jan. 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 2015/22-1, due 2016;
• $5 million of 3% solar bonds, series 2015/23-3, due 2018;
• $5 million of 4% solar bonds, series 2015/24-5, due 2020;
• $5 million of 5% solar bonds, series 2015/25-10, due 2025; and
• $5 million of 5.75% solar bonds, series 2015/26-15, due 2030.
Interest for all of the bonds will be paid semiannually in arrears on Feb. 15 and Aug. 15, beginning on Feb. 15.
San Mateo, Calif.-based SolarCity provides clean energy and financial products based on clean energy.
| Issuer: | SolarCity Corp.
|
| Issue: | Solar bonds
|
| Amount: | $25 million
|
| Offering begins: | Oct. 30
|
| Offering ends: | Jan. 31
|
|
|
| Series 2015/22-1
|
| Amount: | $5 million
|
| Maturity: | Oct. 30, 2016
|
| Coupon: | 2%
|
|
|
| Series 2015/23-3
|
| Amount: | $5 million
|
| Maturity: | Oct. 30, 2018
|
| Coupon: | 3%
|
|
|
| Series 2015/24-5
|
| Amount: | $5 million
|
| Maturity: | Oct. 30, 2020
|
| Coupon: | 4%
|
|
|
| Series 2015/25-10
|
| Amount: | $5 million
|
| Maturity: | Oct. 30, 2025
|
| Coupon: | 5%
|
|
|
| Series 2015/26-15
|
| Amount: | $5 million
|
| Maturity: | Oct. 30, 2030
|
| Coupon: | 5.75%
|
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