By Marisa Wong
Los Angeles, Feb. 9 – Scatec ASA announced it completed a €250 million senior green bond issue due August 2025 on Tuesday.
The new bonds will have a coupon of Euribor plus 250 basis points, or about 1.96% currently.
Proceeds will be used to refinance an outstanding bond, to partially refinance a $400 million facility used for the acquisition of SN Power and for other eligible green financing activities.
DNB Markets, Nordea, Swedbank and SpareBank 1 Markets AS acted as joint lead managers for the bond placement. DNB Markets, Nordea and Swedbank are also the green bond advisers.
Scatec is a renewable power producer based in Oslo.
Issuer: | Scatec ASA
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Issue: | Senior green bonds
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Amount: | €250 million
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Maturity: | August 2025
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Managers: | DNB Markets, Nordea, Swedbank and SpareBank 1 Markets AS
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Coupon: | Euribor plus 250 bps
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Settlement date: | Feb. 9
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