EnergyWatch

European Energy earns EUR 140 million on green bond

There was significant investor interest in the project developer's new green bond, informs European Energy, which will use part of the proceeds to settle a debt ahead of schedule.

Photo: Ritzau Scanpix/Niels Ahlmann Olesen

Danish wind and solar project developer European Energy has raised EUR 140 million through issuing a green bond with an interest rate of 5.35 percent, informs the company. Investor interest in the issuance was considerably over-subscribed, according to the company.

Part of the proceeds will fund new projects, while the remainder will be used to settle an unresolved bond debt of EUR 85 million ahead of schedule. Its current termination date is in 2021.

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