Rise Light & Power proposes 3.9-GW offshore wind interconnection in NYC
Aug 17, 2022 17:23 CESTJune 2 (Renewables Now) - Norwegian power company Statkraft A/S has placed senior unsecured green bonds with a total volume of NOK 5.5 billion (USD 584m/EUR 545.1m).
The transaction was split into three tranches and was substantially oversubscribed, the company said on Wednesday.
Specifically, Statkraft placed NOK 1.5 billion worth of five-year green bonds with a floating rate coupon, five-year notes totalling NOK 1 billion with a fixed coupon of 3.625% per year, as well as an issue of NOK 3 billion. The latter consists of green bonds with a fixed annual coupon of 3.93% maturing in 10 years.
Statkraft intends to use the fresh capital to finance eligible projects under its Green Finance Framework, under which the Norwegian firm plans annual investments of more than NOK 13 billion in renewable energy towards 2025. The framework supports Statkraft's goal of being a leading renewables company in 2025.
Danske Bank, DNB Markets, Handelsbanken Capital Markets and SEB acted as joint bookrunners of the deal.
(NOK 1.0 = USD 0.106/EUR 0.099)
Rise Light & Power proposes 3.9-GW offshore wind interconnection in NYC
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