Scatec buys back €136 million of senior green bonds due 2025

By Marisa Wong

Los Angeles, Feb. 1 – Scatec ASA has repurchased €136 million of its outstanding senior green bonds due Aug. 19, 2025 (ISIN: NO0010931181), according to a Thursday press release.

The repurchased bonds will be canceled, after which €114 million nominal amount will remain outstanding.

Scatec used proceeds from a recent green bond issue to fund the buyback. Remaining proceeds from the new bonds will be applied toward eligible activities under the company’s green financing framework, as previously reported.

Scatec is a renewable power producer based in Oslo.

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