By Lisa Kerner
Charlotte, N.C., Jan. 29 – SolarCity Corp. priced $25 million of solar bonds to be offered under its solar bonds program from Jan. 29 through April 30.
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 2016/1-1, due 2017;
• $5 million of 3% solar bonds, series 2016/2-3, due 2019;
• $5 million of 4% solar bonds, series 2016/3-5, due 2021;
• $5 million of 5% solar bonds, series 2016/4-10, due 2026; and
• $5 million of 5¾% solar bonds, series 2016/5-15, due 2031.
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: | Jan. 29
|
| Offering ends: | April 30
|
|
|
| Series 2016/1-1
|
| Amount: | $5 million
|
| Maturity: | Jan. 29, 2017
|
| Coupon: | 2%
|
|
|
| Series 2016/2-3
|
| Amount: | $5 million
|
| Maturity: | Jan. 29, 2019
|
| Coupon: | 3%
|
|
|
| Series 2016/3-5
|
| Amount: | $5 million
|
| Maturity: | Jan. 29, 2021
|
| Coupon: | 4%
|
|
|
| Series 2016/4-10
|
| Amount: | $5 million
|
| Maturity: | Jan. 29, 2026
|
| Coupon: | 5%
|
|
|
| Series 2016/5-15
|
| Amount: | $5 million
|
| Maturity: | Jan. 29, 2031
|
| Coupon: | 5¾%
|
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