Altech Chemicals Ltd (ASX:ATC) Quarterly Activities and Cashflow Report
Quarterly Activities and Cashflow ReportPerth, Jan 29, 2021 AEST (ABN Newswire) - During the quarter, Altech Chemicals Ltd (
FRA:A3Y) received a definitive execution program for a listed green bond offering of US$144 million (Bond Structuring and Execution Plan), from its appointed advisers Bluemount Capital (WA) Pty Ltd (Bluemount) and London based partner Bedford Row Capital (Bedford Row). The Altech board has approved the proposed program, and work on preparations for the bond offering commenced in earnest towards the end of the quarter.
As illustrated in Figure 2 in link below, a Special Purpose Vehicle (SPV Co.) would be incorporated and managed by Bedford Row Capital (or its nominee) as the proposed bond Issuer.