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Glasgow's Green Investment 1

Supporting the delivery of renewable energy assets in the city

Interest rate 4.0% a year

Term 5 years

Total Invested £1m

Maturity date 31 Dec 2030

About Glasgow City Council

Glasgow City Council is committed to making Glasgow one of the greenest cities in Europe, creating a healthier and more climate resilient city for its citizens to enjoy.

The city is working towards an ambitious goal of being Net Zero Carbon by 2030 through the delivery of the Glasgow Climate Plan which outlines the city's vision and sets out a course of action.

The council wants this transition to benefit all communities in the city, improving both quality of life and climate resilience.

This investment programme allows residents to get involved to support the council's ambitions.

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How is the council using the money raised?

Glasgow City Council will use the money raised to fund interventions in the city to help fight against the present and future impacts of climate change.

This will include sustainable energy projects, supporting the installation of solar panels across a number of council sites to reduce annual energy costs.

All investments from Glasgow City Council are compliant with the Green Loan Principles - internationally recognised standards that are also used by the UK Government for its green investments products. They require that the money invested can only be used to fund eligible green projects.

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Glasgow City Council is investing in a greener future for the city.

Key terms

BorrowerGlasgow City Council

Use of funds

Funding Eligible Green Projects under the Green Finance Framework, with an expected focus on Green Energy and Clean Transportation.

Interest rate4.0% a yearThis is the interest rate paid by the Borrower 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 December 2030

Capital repaymentRegular instalments

Offer open date30 September 2025

Offer close date1 December 2025The Loan Opportunity may be withdrawn before the Offer Close Date at the Borrower's discretion subject to it posting notice of withdrawal on the Abundance website.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 December 2025.

Interest periodsFrom 1 January to 30 June and 1 July to 31 December each year, starting from 1 January 2026.

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 Borrower has the option to make a full early repayment of the Loans by giving notice to Abundance. An early repayment fee equal to 12 months’ Interest will apply.

Documents

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 June 2026	£91.32	£20.00	£111.32
31 December 2026	£93.15	£18.17	£111.32
30 June 2027	£95.01	£16.31	£111.32
31 December 2027	£96.91	£14.41	£111.32
30 June 2028	£98.85	£12.47	£111.32
2 January 2029	£100.83	£10.49	£111.32
2 July 2029	£102.84	£8.47	£111.31
31 December 2029	£104.90	£6.42	£111.32
7 January 2030	£107.00	£4.32	£111.32
31 December 2030	£109.19	£2.18	£111.37
Total	£1,000.00	£113.24	£1,113.24