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Published on 2/20/2024 in the Prospect News Green Finance Daily.

REN Finance kicks off investor calls for €300 million offering of eight-year green bonds

Chicago, Feb. 20 – REN Finance BV (Baa2/BBB/BBB) started investor calls on Monday for a €300 million offering of eight-year green bonds, according to a market source.

The size will not grow.

The fixed-rate bonds will come with the benefit of a keepwell deed from parent REN - Redes Energeticas Nacionais, SGPS SA.

The Regulation S bonds will be sold by Barclays, CaixaBI, ING, JPMorgan, Mediobanca, Millennium bcp and Santander as joint bookrunners.

JPMorgan will be the sole green structuring agent.

The company ensures the transport of electricity and gas in Portugal.


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