REPO Renewable Power Operating GmbH
EANS-News: REPO Renewable Power Operating GmbH
Benefit from the power of the
sun - REPO floats photovoltaic bonds
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information/Bonds St. Veit an der Glan (euro adhoc) - 2 Corporate bonds - Floater: 12 month Euribor + 3% p.a./Duration 6.5 years/ volume up to EUR 1.25 million - Stepped coupon bond: 7% p.a. in the first 5 years/ 8% p.a. in the sixth to tenth years/ volume up to EUR 1.25 million Minimum subscription amount EUR 50,000.- Denomination EUR 10,000.- Subscription period, from 15th. November 2011 to 30th.June 2012 REPO Renewable Power Operating GmbH, an internationally acting photovoltaic power plant owner with its seat in St.Veit/Glan, Austria, is issuing its first 2 corporate bonds with a total volume of EUR 2.5 million to the market. The Floater is offered with a variable interest rate over a period of 6.5 years. The stepped coupon bond is offered with a fixed interest rate for 10 years. The minimum subscription amount is 50,000EUR. Subscription can be made from the 15th.November 2011 to the 30th.June 2012 directly with the company (www.repo-operating.com) and Ecofin, the authorised investment service provider. REPO Renewable Power Operating GmbH realises and operates high-efficiency photovoltaic large-scale power stations in central, southern and eastern Europe. 2 solar parks in Italy, having a total output of 1.7 MW, were connected to the mains network in 2011. The bond capital is to be used to acquire and operate additional turnkey solar power stations. REPO is planning a total power output of 7 MW in 2012, primarily using new projects in Bulgaria, Slovenia, Italy and Romania. "The bond is aimed both at the private investor and at the institutional investor, who wants to invest actively in the energy of the future at outstandingly attractive annual levels of return", says Robert Kanduth, founder and sole owner of REPO. "Our investors profit from the close collaboration with KIOTO Photovoltaics, Austria's leading PV module producer, and their high-efficiency European quality modules, and our bundled and long-term know-how in the growth market of photovoltaics", Kanduth went on to say. Overview of the bond offer 2 types of bond: - variable-interest bond with a duration of 6.5 years ("Floater") - fixed-interest stepped coupon bond with a duration of 10 years ("Stepped coupon bond") Issuer: REPO Renewable Power Operating GmbH Project: Development, construction and operation of energy generation plant Focus: Solar in European countries Subscription period: up to 30th. June 2012 Interest payment: 15th. November of the following year - 1st. payment 15th. November 2012 Form of participation: Owner partial debenture with a fixed repayment rate Denomination: EUR 10,000.00 - but with EUR 50,000.00 minimum subscription sum Stock price: up to 15th. December 2011 issue at the nominal stock price, thereafter monthly adjustment of the stock price Issue surcharge: 3% Repayment rate: 100% Duration: 6.5 years (Floater) and 10 years (stepped coupon bond) Interest: Floater: 12 month Euribor + 3% p.a. Stepped coupon bond: in the first five years 7% p.a., in the sixth to tenth years 8% p.a. Currency: EURO ISIN: - Floater: AT 0000A0S6C7 - Stepped coupon bond: AT 0000A0S6D5 Issue volume: in each case up to EUR 1.25 million - with the possibility of increasing the volume by a further 200% Paying agent: Volksbank GHB Kärnten AG Further inquiry note: Bond sales and consultation: ECOfin Invest Consulting und Beteiligungs GmbH Authorised investment service company Mag. Anton Sgaga T: +43 4227 84966 F: +43 4227 84524 M: +43 664 5132907 E: office@ecofin.at www.ecofin.at Issuer: REPO Renewable Power Operating GmbH Managing Director: Dr. Adolf Rausch M: +43 664 3900710 Managing Director: DI Ingram Eusch T: +43 4212 28 300-430 Solarstrasse 1 9300 St. Veit an der Glan, Austria E: office@repo-operating.com www.repo-operating.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: REPO Renewable Power Operating GmbH Solarstraße 1 A-9300 St. Veit an der Glan phone: +43(0)463 32 74 61 10 mail: office@repo-operating.com WWW: www.repo-operating.com sector: Energy ISIN: -, AT0000A0S6C7; AT0000A0S6D5 indexes: stockmarkets: language: English