Iberdrola issues EUR-1bn green bond for offshore wind in France, Germany

Offshore wind farm. Photo by: Iberdrola (www.iberdrola.com).

March 14 (Renewables Now) - Spanish utility Iberdrola SA (BME:IBE) has issued a EUR-1-billion (USD 1.1bn) green bond to finance its offshore wind projects in Europe.

The company said it secured a coupon of 1.375% for the ten-year bond. Bank of America Corp (NYSE:BAC), Citibank, BNP Paribas SA (EPA:BNP), HSBC Holdings plc (LON:HSBA), BBVA SA (BME:BBVA), Banco Santander SA (BME:SAN), Sumitomo Corp (TYO:8053), Intesa Sanpaolo SpA (BIT:ISP) and ING (NYSE:ING), participated in the placement, which drew demand exceeding EUR 3 billion, according to Iberdrola.

The proceeds will be used to partially finance the company’s investments in offshore wind, namely the 496-MW Saint Brieuc project off the coast of France and the 476-MW Baltic Eagle in German waters.

(EUR 1.0 = USD 1.098)

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
Tags
 
About the author

Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\