By Abigail W. Adams
Portland, Me., July 27 – Voltalia SA priced a €50 million add-on to its 1% green bonds in the Oceanes structure on Wednesday at €27.25 with an exchange ratio of 1, according to a company announcement.
The add-on will be fully fungible and carry the same terms as the €200 million 1% Oceanes due 2025 initially priced in January 2021.
The offering was marketed to qualified institutional investors in accordance with the French monetary code.
The notes are non-callable until Feb. 5, 2024 and then subject to a 130% hurdle.
They are putable upon a fundamental change.
Natixis was the bookrunner.
Proceeds will be used to finance eligible green projects.
Voltalia is a Paris-based renewable energy utility company.
| Issuer: | Voltalia SA
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| Amount: | €50 million
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| Issue: | Oceanes
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| Maturity: | Jan. 13, 2025
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| Coupon: | 1%
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| Price: | €27.25 versus par of €31.83
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| Conversion price: | €31.83
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| Conversion rate: | 1
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| Call options: | Non-callable until Feb. 5, 2024 and then subject to a 130% hurdle
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| Put options: | Upon a fundamental change
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| Pricing date: | July 27
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| Settlement date: | July 29
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| Bookrunner: | Natixis
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| Distribution: | French monetary code
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| Prior issue: | €200 million issued in January 2021
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| Stock symbol: | EPA: VLTSA
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| Market capitalization: | €1.95 billion
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