•  
  •  
  •  

Vattenfall places 2nd green bond of EUR 500m

Ray Wind Farm. Source: Vattenfall

March 6 (Renewables Now) - Swedish state-owned utility Vattenfall AB has issued EUR 500 million (USD 561.3m) worth of senior green bonds in order to finance green projects, including renewables.

The offering was launched on Thursday and was met with “very strong” interest among European investors, ending oversubscribed by more than six times, the company said in a press release. It is the utility’s second green bond that supports its strategy to invest in fossil-free generation and climate-smart solutions. The first such placement was also for EUR 500 million.

Funds from the latest transaction will be allocated for renewable energy and related infrastructure, energy efficiency, electrification of transport and heat and industrial projects.

“Vattenfall has considerable investment plans for the coming years, where we will continue to invest according to our vision of enabling a fossil-free life within one generation,” said Vattenfall's CFO Anna Borg.

The bond has a yield of 0.039% and an annual coupon of 0.050%. It will be settled on March 12, 2020, and listed on the Nasdaq bourse in Stockholm.

(EUR 1.0 = USD 1.1226)

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Veselina Petrova

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.

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