By Marisa Wong
Los Angeles, Sept. 6 – Statkraft AS announced it issued its first green senior bond totaling €500 million. The bond matures in September 2029 and pays a fixed coupon of 2.875%.
The issue was oversubscribed close to 10 times, according to a Tuesday press release.
The bond will be issued under the company’s euro medium-term note program.
Nordea, Santander, Societe Generale and UniCredit acted as joint bookrunners.
Proceeds will be used to finance eligible projects under the company’s green finance framework.
Statkraft will apply for the bond to be listed on Euronext Dublin.
The hydropower company is based in Oslo.
| Issuer: | Statkraft AS
|
| Amount: | €500 million
|
| Issue: | Green senior bond
|
| Maturity: | September 2029
|
| Bookrunners: | Nordea, Santander, Societe Generale and UniCredit
|
| Coupon: | 2.875%
|
| Issue date: | Sept. 6
|
| Listing: | Euronext Dublin
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
