1. That as of 23 rd April 2021, the Issuer has increased its programme limit from US$50,000,000 to US$250,000,000 (the "Programme").
2. That as of 26 th April 2021, the Issuer has issued US$50,000,000 in principal amount, of new green Bonds from the Programme.
The new green Bonds offer investors a 7.25% p.a. return over a 5-year term. The Bonds are denominated in US$ and are the second series of the Issuer's programme. They deliver a fixed semi-annual income to investors by providing Neutral Fuels Overseas Holdings Ltd and its subsidiaries (as borrower "Neutral Fuels") funding to acquire, develop, manage and operate modular-based biofuel production plants in major international cities.