Investors who bought a renewable energy company’s corporate bonds promising returns of 7.5pc a year face a nervous wait to find out whether their capital will be returned.
The “mini-bonds” were issued by Wind Prospect Group in 2011.
The first sign of any difficulty came in July 2015 when interest payments were suspended.
Investors who had asked for their capital to be returned were also told there would be a delay. The firm wrote to bondholders to say there would be a “three month moratorium on payments of interest and capital”.
Today neither the interest nor capital has been repaid.
Nowt could go wrong, could it Ritchie?