Majority Of Bamboo Bond Investments Fully Redeemed
6th January 2016
In late 2013 the Isle of Man based Eco Resources Fund, managed by the Premier Group, purchased the Rio Kama plantation, and as part of this transaction the 285 holders of Bamboo Bonds - a 2012 investment offering by Property Frontiers - received Fund shares and the Bamboo Bond was dissolved. Prior to this sale of the Rio Kama plantation, all 285 bondholders received their interest payments in a timely manner, with payments made quarterly and inline with the bamboo bond investment prospectus.
As part of the transaction and the transfer of bonds into redeemable shares in the Eco Resources Fund, all 285 holders of the Bamboo Bond were requested to vote on the rate at which they preferred to redeem their investment, with a choice of (1) priority or early redemption, as the Eco Resources Fund paid monthly installments for the purchase of the Rio Kama plantation, or (2) regular redemption, allowing Bamboo Bond holders to maintain their Eco Resources Fund shares for a longer period, therefore benefitting from the monthly increase in Fund shares.
- 150 Bamboo Bond holders voted for priority redemption
- 135 Bamboo Bond holders voted to hold their Eco Resources shares for an extended period
EcoPlanet Bamboo is happy to announce that as of December 31st 2015, all 150 Bamboo Bond holders that voted for priority or early redemption have received their full return on investment, receiving their principal plus an average of 20.8% interest, over the approximately 30 month investment period.
EcoPlanet Bamboo has received immense support from these 150 bondholders, representing 65% of all investors into the 2012 Bamboo Bond.
For more information contact us on firstname.lastname@example.org or read articles regarding the Bamboo Bond as featured by the BBC.< Back to news < Download article