By Lisa Kerner
Charlotte, N.C., March 4 Vestas Wind Systems A/S announced it placed a 500 million seven-year 2.75% green bond with European investors.
The Regulation S bonds will be issued on March11 and repaid on March 11, 2022. They will be listed on the Luxembourg Stock Exchange, according to a news release.
Proceeds will be used for general financing and general corporate purposes.
This green bond allows Vestas to diversify and optimize its funding structure in favor of longer term funding at attractive terms, executive vice president and chief financial officer Marika Fredriksson said in the news release.
The bond is the first corporate green bond issued by a company dedicated exclusively to wind energy, according to Fredriksson.
Citigroup Global Markets Ltd., HSBC Bank plc, Nordea Bank Danmark A/S and Societe Generale Corporate & Investment Banking acted as joint lead managers and bookrunners.
DNB Markets and UniCredit Bank also acted as joint lead managers.
Vestas is an energy company dedicated exclusively to wind energy. The company is based in Aarhus, Denmark.
| Issuer: | Vestas Wind Systems A/S
|
| Issue: | Green bond
|
| Amount: | 500 million
|
| Maturity: | March 11, 2022
|
| Coupon: | 2.75%
|
| Distribution: | Private placement
|
| Bookrunners: | Citigroup Global Markets Ltd., HSBC Bank plc, Nordea Bank Danmark A/S, Societe Generale Corporate & Investment Banking
|
| Lead managers: | DNB Markets and UniCredit Bank
|
| Pricing date: | March 4
|
| Settlement date: | March 11
|
| Distribution: | Regulation S
|
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