About candi solar B.V

Key Product Information

Issuer: Candi solar B.V.

Issuing Country: Netherlands

Investment target: £500,000

Minimum investment: £50

Maximum investment: No maximum

Maturity: 30 months

Expected interest rate: 5.75% per annum

Withholding tax rate: 0% (applicable to UK residents who do not invest within an IF ISA)

Interest payment frequency: 6 monthly

Capital repayment: semi-annually from 12 months onwards*

Financial instrument: Promissory note / secured interest bearing bond

Security: Unsecured

* For the first 12 months after the Issue Date, a "Grace Period" applies during which no capital repayments occur. During this Grace Period, the Issuer will make Interest Payments on the Interest Payment Dates. The first capital repayment will take place 12 months after the Issue Date, and on a semi-annual basis thereafter. Please refer to the amortization schedule in the offer document.

Key Risks

This is a bond issued by a single company (rather than a savings product) and therefore it is recommended that you are careful with the amount you invest.

You must read the offer document (provided below) where a full statement of risks is presented.

Documents

Candi solar in the media

Candi solar B.V. is one of the pioneering solar companies supported by the Energise Africa initiative, a joint venture between Lendahand and Ethex.

What the project investment will enable

With the funds from this raise, candi will finance, procure and install up to 2 tailor made solar infrastructure projects into leases with businesses in India. Each system will have approximately 700 kWp capacity.

Since its incorporation, candi has built a portfolio of more than 41 MWp and has contracted to deliver a further 38 MWp of installations across South Africa and India. As well as installing these systems for their clients, candi also provides technical advice and operation and maintenance support, providing their clients with a holistic solution to their systems. All the company’s equipment is certified and sourced from tier 1 suppliers across the value chain, including Jinko Solar, Trina Solar and SMA Solar Technology.

Examples of some of the SMEs who are clients of candi include food manufacturers, media outlets as well as schools and universities. These clients are typically situated in areas with high power tariffs, dense industrial clusters, and where there is an unreliable power grid. Access to client's own electricity supply greatly reduces the risk of black outs and candi's multiple contractual structures means clients can choose based on their own needs and financial position.