EnergyMixx AG
Press release EnergyMixx
EnergyMixx AG / Issue of Debt Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- EnergyMixx plans Sukuk financing EnergyMixx is planning its first Sukuk to finance a number of European power plant projects in the field of renewable energy. These Islamic loans,still relatively unknown in Europe, are particularly attractive to both investors and issuers. Zug/Switzerland, August 15, 2007 – EnergyMixx AG (WKN AOMSTN, ISIN CH0030908856) will finance the expansion of its existing portfolio comprising power plants in the field of renewable energies mainly with Islamic debt capital market instruments (Sukuk). Faisal Private Bank in Geneva, the first Islamic Private Bank in Switzerland, will be advising EnergyMixx on the Sukuk issue and Vinson & Elkins LLP will be acting as international legal counsel to EnergyMixx. In contrast to ordinary loans, Sukuk securities are typically backed by Shari’a-compliant assets such as energy, property and real estate. Because investors in Shari'a-compliant bonds are not permitted to receive interest,the Sukuk structure provides for them to become beneficial owners of an asset (hence co-investors), and as such receive profit-related returns on their investment. With this effective arrangement, new investment opportunities emerge for the substantial assets in the hands of Middle East and other interested investors. As a consequence, Sukuk financing has become increasingly popular in the last few years, with growing transactional volumes generated by the ever-wider group of investors that have chosen this innovative form of investment. EnergyMixx Chairman Artur Dela commented: 'Sukuk will play a decisive role in the financing of our projects. In our view, these Islamic loans are more attractive, both for investors and issuers, than conventional bonds. We have an increasing focus on the Middle East, seeking both investors and opportunities to invest in the growing number of renewable energy projects in the region. Thanks to our partners at home and abroad, we are well equipped to take on a pioneering role in Sukuk-based project financing, particularly with respect to an ethical investment sector such as renewable energy, and to demonstrate the agility of EnergyMixx.' About EnergyMixx EnergyMixx AG is a Swiss investment holding company that invests in renewable energy electricity generation ventures (through subsidiaries) in the lucrative energy markets across the globe. Its investments and projects are mainly in wind, solar, biomass and hydro energy power plants. Revenue strategy is based on selling electricity as well as from trading financial incentives such as green certificates and white certificates. For more information, please contact: Email: information@energymixx.ch Phone: +41 41 500 16 73 DGAP 15.08.2007 ----------------------------------------------------------------------
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