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Oxfordshire Green Investment 1

Funding tree planting and decarbonising buildings like care homes and fire stations.

Interest rate 4.4% a year
Term 5 years
Total Invested £500k
433  investors
Maturity date 31 Mar 2030
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About Oxfordshire County Council

Oxfordshire County Council has ambitious plans to become a climate active organisation that can inspire local residents and businesses to join them on the journey to a greener, cleaner future. The council declared a climate emergency in 2019, and followed this up in 2020 with its Climate Action Framework, which set out its plans to help reach net zero significantly ahead of the national 2050 target.

How is the council using the money raised?

The money invested will help fund a range of projects from its climate action programme. These measures are expected to include:

  • decarbonisation of council-owned buildings, such as fire stations and care homes.
  • help fund the council's tree planting scheme, which, as well as creating cleaner air, will help improve local biodiversity.

This investment is Green Loan Principles compliant

This investment has been issued under a Green Finance Framework. This is a voluntary standard which sets out how the council intends to manage its green local authority securities in the future, and outlines how they will meet the Green Loan Principles. This assures investors that funds raised can only be used to help them deliver on eligible green projects from within this framework, and Abundance will monitor the use of funds across the investment term to ensure the principles are being adhered to.

Business stakeholders attend a workshop on sustainability at the council offices
The council is working with businesses and residents to help them become more sustainable

Key terms

BorrowerOxfordshire County Council
Use of funds

Funding Eligible Green Projects under the Council’s Green Finance Framework, with an expected focus on Green Energy & Natural Capital.

Interest rate4.4% a yearThis is the interest rate paid by the Local Authority to lenders and does not include the cost of fees paid to Abundance in its role as Arranger and Agent.
Term period5 years after end of 'Initial interest period'
Maturity date31 March 2030
Capital repaymentRegular instalments
Offer open date2 December 2024
Offer close date28 February 2025The Loan Opportunity may be withdrawn before the Offer Close Date at the Borrower's discretion subject to it posting notice of withdrawal on the Abundance website.
Minimum borrowing amount£5.00
Maximum borrowing amountThere is no formal Maximum Borrowing Amount. The Borrower may raise such amount as agreed with Abundance in the context of its wider borrowing limits.
Initial interest periodThis will start on the date the lender makes their investment and ends on 31 March 2025.
Interest periodsFrom 1 April to 30 September and 1 October to 31 March each year, starting from 1 April 2025.
Return structure10 semi-annual payments of Interest & Capital on the last day of each Interest Period, with the last one on the Maturity Date.
Arrangement fee0.75% of total amount raisedThis is the fee paid to Abundance in its role as Arranger. The interest rate above is quoted after fees.
Management fee0.20% of total amount raised per yearThis is the fee paid to Abundance in its role as Agent. The interest rate above is quoted after fees.
Early repayment optionsThe local authority can repay early on any payment date. An early repayment fee equal to 12 months' Interest will apply.

Documents

Green Finance Framework
Download PDF This document provides the overarching criteria and guidelines for how the council will raise funding for eligible green projects and ensure ongoing compliance with the Green Loan Principles.
Loan Conditions
Download PDF Together with the key terms, the loan conditions form the legal agreement that define the terms of the investment.

Payment schedule

This table gives a breakdown of what is due to be paid back on this investment, based on an example investment of £1,000.

Payment schedule table
Payment date Capital repayment Interest Total
30 September 2025 £90.49 £22.06 £112.55
31 March 2026 £92.48 £19.95 £112.43
30 September 2026 £94.52 £18.02 £112.54
31 March 2027 £96.59 £15.85 £112.44
30 September 2027 £98.72 £13.80 £112.52
31 March 2028 £100.89 £11.62 £112.51
30 September 2028 £103.11 £9.40 £112.51
31 March 2029 £105.38 £7.09 £112.47
30 September 2029 £107.70 £4.80 £112.50
31 March 2030 £110.12 £2.41 £112.53
Total £1,000.00 £125.00 £1,125.00