Voltalia talks €200 million of five-year green Oceanes at 0.75%-1.25%, up 35%-40%

By Abigail W. Adams

Portland, Me., Jan. 5 – Voltalia plans to price €200 million five-year green bonds in the Oceanes structure on Tuesday with price talk for a coupon of 0.75% to 1.25% and an initial conversion premium of 35% to 40%, according to a market source.

The offering will be marketed to qualified institutional buyers in accordance with the French monetary code.

The notes are non-callable until Feb. 5, 2024 and then subject to a 130% hurdle.

They are putable upon a fundamental change.

Proceeds will be used to finance eligible green projects.

Voltalia is a Paris-based renewable energy utility company.

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