European Energy mulls tap issue of new EUR green bonds

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September 24 (Renewables Now) - Danish renewables developer European Energy A/S is considering a tap issue of new EUR-denominated green bonds to raise funds for general corporate purposes.

The company’s plan is to consolidate the new bonds from the tap issue with its existing EUR 140 million (USD 154m) EURIBOR (3 months) +5.35% senior secured callable floating rate green bonds 2019/2023, and thus form a single series of such financial instruments.

Also, it is opening books today for a EUR-denominated senior secured callable floating rate green bond of at least EUR 30 million.

European Energy has appointed each of DNB Markets, a part of DNB Bank ASA, Sweden Branch and Nordea Bank Abp as joint lead managers for the possible tap issue. They will arrange a Global Investor Call on September 24, 2019.

(EUR 1.0 = USD 1.099)

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