By Mary-Katherine Stinson
Lexington, Ky., Feb. 10 – Scatec ASA placed NOK 1 billion senior unsecured green bonds with a floating-rate coupon of Nibor plus 660 basis points, according to a press release.
The bonds mature in February 2027.
DNB Markets, Nordea and Sparebank 1 Markets acted as joint lead managers. DNB Markets and Nordea acted as green bond advisers in connection with the placement of the new bond issue.
The bonds will be listed on Oslo Bors.
Proceeds were used to refinance the remaining $93 million of Scatec’s 2021 bridge facility established when Scatec acquired SN Power.
The weighted average margin and tenor on Scatec’s group level debt portfolio including the new bonds are 3.25% and 3.5 years respectively.
Scatec is a renewable power producer based in Oslo.
| Issuer: | Scatec ASA
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| Amount: | NOK 1 billion
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| Issue: | Senior green bonds
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| Maturity: | February 2027
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| Lead managers: | DNB Markets, Nordea and Sparebank 1 Markets
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| Green advisers: | DNB Markets and Nordea
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| Coupon: | Nibor plus 660 bps
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