Renewable energy generator Good Energy Group said it would redeem its first bond next month following several planned asset sales.
Good Energy launched its first bond offering in 2013, paying interest of 7.25% and raising £15m.
The purpose for the issue would shortly be fulfilled, in light of the sale of Newtown Downs and an agreement to sell a solar farm at Brynwhilach later this year, the company said.
It has written to the bondholders offering them the opportunity to continue their investment in the bonds at an interest rate of 4.25% per annum.
At 2:57pm: (LON:GOOD) Good Energy Group Plc share price was 0p at 137.5p