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
|
| Issue: | Senior green bonds
|
| Amount: | €250 million
|
| Maturity: | August 2025
|
| Managers: | DNB Markets, Nordea, Swedbank and SpareBank 1 Markets AS
|
| Coupon: | Euribor plus 250 bps
|
| Settlement date: | Feb. 9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
