10% Apulia 2 PV bond, 2010–2020
Originally intended for three power plants, the Apulia 2 bond volume was reduced to €1 million and used to build the Lequile I photovoltaic power plant. The bonds were placed in full.
Project
Acquisition of a photovoltaic power plant in Apulia, Italy
Issuer
PV – Invest Apulien 2 GmbH
Type of security
Bearer bond
Term
10 years
Issue price
103%
Interest rate
10% fixed for the term or 3 month Euribor rate plus 7% with annual adjustment
Type of interest
Fixed or variable at the subscriber’s option when the subscription period starts
Interest date
15 November, first paid on 15.11.2010
Repayment
100%
Repayment date
15 November 2020
Currency
Euro
Issue volume
€ 1 Mio
Denomination
€ 50.000,-
