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Altech Chemicals Ltd (ASX:ATC) Initiates Listed Green Bond Project Funding Option

Perth, Australia, Aug 20, 2020 – (ABN Newswire) – Altech Chemicals Limited (ASX:ATC) (HAM:A3Y) is pleased to announce that it has initiated a listed green bond project funding option. The Company has mandated Bluemount Capital (WA) Pty Ltd (Bluemount), which will work in conjunction with its London based partner Bedford Row Capital (Bedford), as structuring agent, to prepare a Bond Structuring and Execution Plan for an offering of asset-backed (second lien) listed “green” bonds to the European bond market.

On 20 May 2020, Altech announced that its high purity alumina (HPA) project had been formally assessed as “green” by the independent Centre of International Climate and Environmental Research (CICERO), based in Oslo, Norway. This positive project assessment, formally termed a “second opinion”, confirmed that Altech’s HPA project is of a type suitable for finance via green bonds. The project is appropriate to be considered by investors that participate in the green bond market, the size of which is approaching US$250 billion annually and a large portion of which is present in Europe.

The Bond Structuring and Execution Plan will provide a definitive execution program for a green bond offering, and will present firm recommendations for the key terms that will have been derived from preliminary market soundings, these would include:

Offer Size: minimum US$100m
Term to Maturity: at least 5 years
Security: second lien, behind senior lender KfW IPEX-Bank
Secondary Market: likely the Frankfurt Stock Exchange”

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iBosses IPO On The ASX Closes

Bosses Corporation Limited ( iBosses) the parent company of iBosses Singapore has announced the successful closure of its initial public offering following solid demand from a broad range of investors.


iBosses is a training and consultancy services provider focused on entrepreneurs and early stage businesses

At the offer price of A$0.20 per share, iBosses will have a market capitalization of A$23 million

Funds raised from the IPO will be used to expand the company’s business centres and to develop the iBosses digital platform

BlueMount Capital acted as Lead Manager and Corporate Advisor to iBosses