Tidal power developer Atlantis Resources is looking to raise £5m through a bond issuance to help accelerate the company’s project pipeline.
Atlantis is working with Abundance Investment on the issuance, which is planned for the end of June.
The bonds are expected to have a five-year term and a coupon of 8%, payable semi-annually.
The proceeds of the bond will also be used to repay some of the company’s more expensive debt and to provide general working capital.
Image: Atlantis Resources
