Scatec Solar places NOK-750m green bond
Scatec Solar ASA has successfully completed a NOK750 million (US$92 million) senior unsecured green bond issue with maturity in November 2021. The bond issue was significantly oversubscribed. The new bonds will have a floating coupon of 3 month NIBOR plus 475 bps.
The proceeds from the bond issue will be used for refinancing of the outstanding bond with ticker SSO01, with coupon of 3 month NIBOR plus 650 bps maturing in November 2018, and for financing of eligible activities as defined in the Scatec Solar Green Bond Framework.
Settlement of the new bond issue is conditional upon the Proposals being passed at the SSO01 bondholders' meeting on November 6, 2017. Based on received Voting Instructions, the company has bondholder support in favor of the proposed changes to the SSO01 bond agreement.
Nordea Bank AB (publ), Filial i Norge and Swedbank Norge, Norwegian Branch of Swedbank AB (publ) acted as Joint Lead Managers and ABN AMRO Bank N.V. acted as Co-Manager in connection with the placement of the new bond issue.
An application will be made for the bonds to be listed on Oslo Børs.
Country news
-
-
July 20, 2017
Falck aquires majority stake in 70 MW of Norwegian wind projects
Falck Renewables S.p.A. announced today that it has entered into an agreement with Svelgen Kraft Holding AS, a Norwegian power generation company, to acquire a majority participation into Vestavind Kraft AS, a company holding two wind power consented projects in Norway – Hennøy and Okla with capacity of approximately 70MW.
Read more -
June 07, 2017
EIB completes financing for 1.4-GW Nordlink Subsea Interconnector project
The European Investment Bank (EIB) has signed a €300 million (US$338 million) loan agreement with Norwegian transmission system operator (TSO) Statnett for the completion of the NordLink Subsea Interconnector project between Germany and Norway.
Read more -
May 25, 2017
Luxcara expands its wind portfolio in Norway by 263 MW
LUXCARA, the German renewable energy asset manager, has acquired a sizeable portfolio of wind turbines in southern Norway. The wind farms are located in the Bjerkreim region and will provide a total capacity of 262.8 MW.
Read more -
May 08, 2017
Oslo to purchase Hafslund ASA for €730M
Fortum and the City of Oslo have entered into an agreement to restructure their ownership in Hafslund ASA, one of the largest listed power groups in the Nordic region.
Read more -
April 03, 2017
Luxcara reaches close on Norwegian wind
LUXCARA, an asset manager for renewable energy investments in Europe, has reached Financial Close for the Egersund wind farm.
Read more
