- Press Releases
August 19 (Renewables Now) - Swiss renewable power producer Axpo Holding AG has placed a CHF-500-million (USD 525.5m/EUR 516.3m) sustainability-linked bond on the Swiss market to finance general corporate purposes.
The bond consists of two tranches -- a CHF-300-million tranche with a four-year maturity and a 2% interest rate and a CHF-200-million tranche due in 6.5 years and bearing an interest rate of 2.5%, Axpo said on Thursday.
This is Axpo's second sustainability-linked bond following the placement of a first note worth CHF 500 million in January.
“With this second sustainability-linked transaction on the Swiss capital market, Axpo once again underlines its strong commitment to a more sustainable future and its excellent access to the capital market,” said Axpo Group's chief executive Joris Groeflin.
The power producer raised more fresh capital in May when it placed its first sustainability-linked Schuldschein loan of EUR 600 million (USD 610.6m) to secure capital for general corporate purposes.
In the spring, Axpo announced a plan to invest about CHF 1 billion in green power plants in Switzerland by the end of the decade. Another major project unveiled in recent months is the development of two wind farms with a total installed capacity of 250 MW in Romania.
(CHF 1 = USD 1.051/EUR 1.033)
(EUR 1 = USD 1.018)