Chicago, Sept. 1 – European Energy A/S sold €300 million of four-year floating-rate bonds, according to a press release.
The offer was upsized from an announced €250 million.
The notes will bear interest at Euribor plus 375 basis points, with a 0% floor for Euribor.
Proceeds will be used for financing or refinancing eligible green projects in accordance with the company’s green finance framework, including paying for the concurrent tender offer for its €200 million floating-rate green bonds.
Danske Bank A/S, DNB Bank ASA, Sweden Branch and Nordea Bank Abp are the dealer managers.
The Soborg, Denmark, company builds solar and wind farms and energy storage facilities.
| Issuer: | European Energy A/S
|
| Issue: | Green bonds
|
| Amount: | €300 million
|
| Tenor: | Four years
|
| Bookrunners: | Danske Bank A/S, DNB Bank ASA, Sweden Branch and Nordea Bank Abp
|
| Coupon: | Euribor plus 375 bps
|
| Settlement date: | Sept. 16
|
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