Nov 23, 2012 - Irish energy company Bord Gais Energy on Wednesday said it had raised EUR 500 million (USD 647.1m) from the issue of a five-year bond, aimed at repaying debt.
The notes carry an annual coupon of 3.625%, the state-owned company, which is the largest owner of wind capacity in Ireland, said. More than 400 institutional investors took part in the offering, which was managed by Barclays (LON:BARC), BNP Paribas (EPA:BNP), Danske Bank (CPH:DANSKE), HSBC (LON:HSBA), RBC Capital Markets and Royal Bank of Scotland (LON:RBS).
Bord Gais manages a diverse portfolio of assets, including electricity generation, wind farms, tidal and wave ventures. It owns 15 wind farms. It recently launched a tender offer to repurchase the outstanding amount under its last bond -- an issue of EUR 550 million from 2009 which matures in 2014. The tender offer will be open until November 27.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.