Issuer: Merthyr Renewable Energy Limited
The Merthyr Wind Bond offers investors the opportunity to invest in an operational wind turbine which is already generating income. This means that the Bond will be in a financial position to pay a monthly payment from the issue date of the Bond.
The Wind Turbine generates £447,000 in income p.a. (index linked). When all expenses are taken into consideration the net income available for repayment of the Bond is £410,000 (index linked), this covers all interest and capital repayments on the Bond.
The Capital is partially repaid (amortised) over the 5 year period of the Bond. At the end of the Term of the Bond the Issuer will either sell the asset or refinance the asset to enable repayment of the outstanding Capital. Please see Schedule of Payments attached.
The Asset is secured by way of a first and only charge over the Wind Turbine and any income generated from it. This charge will be held by a Security Trustee and the Loan will be monitored on a monthly basis by MagnaCrowd.
All annual accounts will be audited and a monthly statement will be issued to investors detailing performance of the asset. An annual report will be prepared on the Asset’s overall performance, together with an Operational & Maintenance update.
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