Investment Grade BBB+ Green Bond - Euro 150 mil - 6.935 percent effective yield - paid semi annually

By Jinu
Posted On: 21 / Oct / 2022
0 1173

Deal Details

Annual

Deal Type

Debt Finance
Maximum Loan

Industry

Energy
Charge

Deal Status

Active

Deal Description

  Funds will be used to deliver the final phase of 100MW of development and will be providing renewable energy to Europes’ leading energy market, Nordpool.

 Key facts

  • Investment Grade BBB+ Green Bond 
  • Euro 150 m European Wind Farm Bond
  • 12 year bond
  • 6.935% effective yield paid semi annually
  • Third party opinion offered by CICERO

SFDR Article 9

 

Government support

State subsidy at 53.7 Euros / Mwh for 12 years

PPA in place with state-owned energy company

 

Financials

Cash flow from operations is 2.42X

LTV 33.5%

 

The International Energy Agency has set a net zero aim by 2050 which aims for 90% of electricity generation to come from renewable sources.   Therefore projects like this will make an impact.  

No Files Attached

Deal Value
₹ 1198.5 Crore
Targeted Region
Europe

Revenue

2022-23
Undisclosed
2023-24
Undisclosed
2024-25
Undisclosed
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