By Lisa Kerner
Charlotte, N.C., Feb. 25 – Swindon Borough Council announced it will issue £1,655,855 of 20-year 6% debentures.
There is an additional early bird bonus of 0.5% on the amount invested for the first five years for those investing on or before April 11. The offer closes June 29.
According to the council, 82 investors have invested a total of £127,145.
Proceeds will be used in part to fund Swindon Common Farm Solar’s 4.8MW ground-mounted solar farm.
The council is investing £3 million in the project and is seeking to raise a total of £1.783 million.
Swindon Common Farm Solar is structured as a community interest company. It supports the council’s work while sharing profits with the community, according to a news release.
The borough of Swindon is located in Wiltshire, England.
| Issuer: | Swindon Borough Council
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| Issue: | Debentures
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| Amount: | £1,783,000
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| Coupon: | 6%
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| Maturity: | 20 years
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