2
Jul

SUNfarming GmbH issues a secured 6.5% corporate bond with a five-year term and a volume of up to EUR 15 million

Erkner, 2 July 2018 – SUNfarming GmbH, an international specialist in project development and the subsequent realisation of turnkey photovoltaic projects, is issuing a fully secured corporate bond (ISIN: DE000A2LQZZ1) with a volume of up to EUR 15 million. The bonds offer a coupon of 6.5% p.a. (semi-annual interest payment) with a term of five years.

An amount of EUR 5.0 million of the proceeds from the issue is intended for the optimisation of the debt capital structure. The further proceeds from the issue shall be used to finance the company’s own project business, in particular the project costs for the development and construction of PV systems for capital investors, commercial enterprises or project companies of the Schrum-Tauschke cooperation group, which, in the broadest sense, also includes SUNfarming GmbH, and to finance the former’s project business. A further amount equal to the interest payments for one year shall be deposited in a trust account to secure the investors’ interest payment claims. Read more