Monthly bond allocations
This product benefits from monthly bond allocations, on the 1st of each month. This means that if you place and complete your order in one month, your bonds will be issued and start accruing interest from the 1st of the following month e.g. an order completed in January, will accrue interest from 1st February.
Key facts
| Offer status | CLOSED |
| Product | Transferable bonds |
| Term | 3 Years |
| Offer opened | 1st December 2016 |
| Offer closed | 2nd July 2017 |
| Offer price, per bond | £100 |
| Minimum investment amount | £500 |
| Min. raise for offer to proceed | None |
| Maximum raise | £1,200,000 |
| Location | Iwade, Kent |
Financial performance
5.5% gross interest per year. Interest will accrue from the first day of the month after cleared funds are received by Ethex, e.g. if cleared funds are received in January, interest will start to accrue on 1 February.
Social performance
It is expected that the project will deliver a community fund of up to £3 million over 25 years for distribution to community projects in Swale and Medway.
Bond offer
Learn more about key aspects of this share offer
Business profile
Aims, social and financial performance, and how it's run
Offer document
The information on this website is only a summary of the offer document.
Before applying for bonds the whole text of the accompanying bond offer document should be read.
IMPORTANT INFORMATION FOR PROSPECTIVE INVESTORS
If you are in any doubt about the information on this website, the content of the accompanying prospectus or the action you should take, you should immediately consult a person authorised for the purposes of the Financial Services and Markets Act 2000, who specialises in advising on investment in bonds and other securities.
Prospective investors should be aware that the value of the bonds, which will not be quoted, cannot go up, but can go down. In addition, there is no certainty that investors will get back the full amount they invest.
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