Bagnall Energy 7-day Access Bond

Capital is at risk and returns are not guaranteed.

7-day access Bond
IFISA eligible

3.0% p.a.

Fixed return

A new 7-day Access Bond from Bagnall Energy offering a fixed rate of 3% p.a. with a flexible term. Bagnall Energy makes investments into energy infrastructure such as solar, wind, anaerobic digestion and reserve power. Read more.

Raised: £977,021
Tranche 3 closes

Project

This 7-day Access Bond provides a flexible way to put your money to work in the short-term. This could be useful if you are planning a purchase, anticipating a tax bill or waiting for a longer-term Downing bond to become available. In addition to the returns and flexible access offered by the Bond, your investment will make an impact by funding energy infrastructure in the UK.

Bagnall Energy will initially make £2.5 million available from the wider £20 million offer. You can request your money back at any time during the bond term and Bagnall Energy expects to return capital and interest requested within seven days. Assuming the full £20 million is issued, the loan-to-value (“LTV”) ratio of the bond will be 13%.* This compares the level of assets the company has at its disposal with the anticipated level of debt.

The Bond is unsecured, therefore the company could take on secured debt which would rank ahead of you. Should this happen, you will be notified of the updated LTV. You will rank ahead of shareholders in the event of a default or liquidation. Shareholders have £136 million of capital invested in Bagnall Energy as at 30 June 2018.*

The 7-day Access Bond provides an investment with a return that beats current UK inflation (CPI-2.7% as at the end of August) while allowing you to request a redemption at any time.

*Source: based on management accounts as at 30 June 2018.

About

Bagnall Energy, managed by Downing LLP, makes investments in energy infrastructure and currently has a portfolio of over 40 holdings exceeding £145 million in value. These include businesses operating solar, wind, anaerobic digestion and reserve power assets across the UK.

Bagnall Energy has over 2,000 shareholders who have invested over £136 million as at 30 June 2018. The equity capital of the company provides a buffer for Bondholders. You would rank ahead of shareholders in a default or liquidation. The company has £2.2 million of previously issued Crowd Bonds and currently no other debt. You will be notified if the company takes on debt that would change their LTV.

Downing is an established investment manager with over 30 years of experience and £1 billion of assets under management, of which £340 million is currently invested in renewables and energy infrastructure projects.