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Published on 1/19/2023 in the Prospect News Green Finance Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

European Energy will end tender offer on Thursday for green notes

Chicago, Jan. 19 – European Energy A/S announced that its any-and-all cash tender offer for its €150 million senior callable subordinated green capital securities due 3020 (ISIN: DK0030470919) will expire on Jan. 19, according to a press release.

The offer started on Jan. 13 and was conditioned upon a new issue of euro-denominated callable subordinated green capital securities due 3023 for at least €75 million and new senior green bonds due 2026.

The expiration time will be concurrent with the close of books for the new capital securities.

Settlement is planned for Jan. 26.

Danske Bank A/S (liabilitymanagement@danskebank.dk), DNB Markets (bond.syndicate@dnb.no) and Nordea Bank Abp (nordealiabilitymanagement@nordea.com) are the joint bookrunners for the new issues, and dealer managers and tender agents for the tender offer.

The Soborg, Denmark, company builds solar and wind farms and energy storage facilities.


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