The tap issue will be sold at the current market value, with AC Energy noting it was able to secure competitive borrowing rates amid challenging market conditions. The Hong Kong-based subsidiary of HSBC Holdings Plc (LON:HSBA) was appointed dealer for the bonds.
The offering will be issued by wholly-owned unit AC Energy Finance International Limited and guaranteed by the parent company.
The latest operation brings the aggregate principal of the five-year series to USD 360 million. Together with the USD-110-million ten-year bonds due in 2029, the total of AC Energy’s senior green bonds arrives at USD 470 million.
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