By Mary-Katherine Stinson
Lexington, Ky., June 20 – European Energy A/S priced a €15 million add-on to its callable subordinated green capital securities due 3023 to be consolidated and form a single series with the company’s existing €100 million subordinated green capital securities due 3023, according to a notice.
The additional notes priced at par plus interest with a coupon rate of 10¾%.
Danske Bank A/S is the bookrunner.
Proceeds will be used to finance or refinance eligible green projects under the company’s green finance framework.
The Soborg, Denmark, company builds solar and wind farms and energy storage facilities.
| Issuer: | European Energy A/S
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| Amount: | €15 million
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| Issue: | Callable subordinated green capital securities
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| Maturity: | 3023
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| Bookrunner: | Danske Bank A/S
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| Coupon: | 10¾%
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| Price: | Par
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| Yield: | 10¾%
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| Announcement date: | June 19
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| Settlement date: | June 26
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| ISIN: | DK0030521927
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| Total issue: | €115 million, including €100 million previously issued
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