BAMBOO BOND INTEREST
Prior to the bondholders voting to sell the bond on October 2013, all 285 bondholders received the following interest payments:
Principal: $50,000 - 11.0%
Principal: $27,500 - 10.0%
Principal: $16,500 - 8.34%
Such payments matched all advertising material and contractual obligations.
SALE OF THE BOND
In 2013 EcoPlanet Bamboo received a purchase offer for the Rio Kama plantation from the Eco Resources Fund. Bondholders were provided the terms of this offer and requested to vote. Sale of the plantation and the associated bamboo bond required a 75% majority.
Approval of sale: 282 votes - 98.9%
Disapproval of sale: 1 vote - 0.4%
No reply: 2 votes or 0.7%
In 2016 Chris Lang of REDD Monitor published a series of poorly researched and misinformed articles on EcoPlanet Bamboo UK, the Bamboo Bond and the Eco Resources Fund.
This site provides information on the development, sale and payouts associated with the Bamboo Bond.
The Bamboo Bond can be summarized as follows:
Total number of bondholders: 285
Total size of bond: $10,626,500
Bond size: $16,500 / $27,500 / $50,000
Exclusive sales agent: Property Frontiers
Custodian: Citadel Trustees Ltd.
BAMBOO BOND LIFETIME: January 2012 - December 2014
EcoPlanet Bamboo Investment EcoPlanet Bamboo Investment