Aegis Wind Finance (No. 1) Limited (a wholly owned subsidiary of Aegis Power Plc.) is offering a 12 month Bond, with a coupon of 12% p.a. (paid monthly). The security for the loan will be an operational wind turbine which benefits from the UK Government's Renewable Obligation Certificates and a Power Purchase Agreement (PPA) with a major utility (Power NI).
The Wind Turbine is currently valued at GB£1.6M by Berry who are a RICS valuer.
We are seeking a loan of GB£800,000.00 which gives an LTV of 50%.
The company is insured for operational risk with AVIVA. This includes, All Risks, Loss of Income, Business Interruption. The Wind Turbine itself is insured by Lloyds and is covered by All Risks, Business Interruption and mechanical breakdown.
Aegis Power Plc. previously issued a 10 year listed bond which was very successful and is currently paying investors 10% p.a.