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Good Energy Raises GBP15M Through Oversubscribed Bond Issue

22nd Nov 2013 12:32

LONDON (Alliance News) - Good Energy Group PLC Friday said its corporate bond raised GBP15 million last month and closed three weeks ahead of schedule, having been oversubscribed.

The renewable energy electricity supplier said it was encouraged by the results of the bond.

"Over 80% of applicants for the bonds are customers of Good Energy, demonstrating the strength of the company and the high level of customer engagement, supporting our goal of contributing to the UK's green energy future," Chief Executive Juliet Davenport said in a statement.

The stock was trading at 232.00 pence Friday afternoon, up 2.50 pence or 1.1%.

By Anthony Tshibangu; [email protected];

Copyright © 2013 Alliance News Limited. All Rights Reserved.


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