Weekly renewables M&A round-up (Aug 8-12)
Aug 12, 2022 17:43 CESTNovember 8 (Renewables Now) - Ukrainian state-owned power company Ukrenergo has placed its debut green and sustainability-linked Eurobonds with a total value of USD 825 million (EUR 713m).
The company said in a statement that the order book was oversubscribed almost three times. The bonds, which have a term of five years, were issued at a 6.875% yield.
The settlement should take place on November 9, 2021.
Ukrenergo intends to use the proceeds to repay debt owed to the Guaranteed Buyer and to finance or refinance eligible green projects in the fields of renewable energy, grid infrastructure and energy efficiency.
The chairman of the management board of NPC Ukrenergo, Volodymyr Kudrytskyi, commented that “the transaction marks a critical step towards resolution of the electricity market imbalances in Ukraine in line with Ukraine’s obligations to renewable energy producers.”
BNP Paribas, Deutsche Bank and Goldman Sachs International served as joint lead managers and bookrunners.
(USD 1.0 = EUR 0.864)
Weekly renewables M&A round-up (Aug 8-12)
Aug 12, 2022 17:43 CESTUK hits 25.5 GW of wind power capacity
Aug 12, 2022 17:15 CESTRWE to make over EUR 5bn in green investments in 2022
Aug 12, 2022 17:11 CESTTurkish renewables firm Kalyon Enerji sells 50% stake to Abu Dhabi's IHC for 477 mln euro
Aug 12, 2022 16:27 CESTDEME installs substation at Fecamp wind farm offshore France
Aug 12, 2022 15:59 CESTUnit of Malaysia's TNB gets more time to reach fin close for 50-MW solar project
Aug 12, 2022 15:30 CEST