First ’green Schuldschein’ worth EUR 550 million successfully issued by Nordex
DGAP-News: Nordex SE / Key word(s): Financing 2016-03-31 / 11:19 First ”green Schuldschein” worth EUR 550 million successfully issued by Nordex
Hamburg, 31 March 2016. The Nordex Group (ISIN: DE000A0D6554) has successfully placed a promissory note (”Schuldscheindarlehen”) worth EUR 550 million with national and international investors. The banking syndicate comprises Bayerische Landesbank, BNP Paribas, Commerzbank, HSBC and UniCredit. Nordex will be using the proceeds of the issue primarily to finance the acquisition of Acciona Windpower, meaning that this transaction is funded on a medium and long-term basis. In addition, part of the proceeds will be used to repay the corporate bond maturing in April. With this transaction, Nordex is widening its debt capital portfolio with the issue of the world’s first ”green” Schuldschein. On the basis of an expert opinion submitted by DNV GL Business Assurance, the Climate Bond Standard Executive Board confirmed that the proceeds were being used solely for purposes with a positive impact on climate and environmental protection. Previously, only conventional ”green” bonds had received this certification. In this way, it was possible for investors required to follow environmental and social standards to subscribe to the investment. These ESG investors account for around 25% of the subscribers to the bonded loan. All told, just under one half of the funds raised were provided by German investors, particularly savings and cooperative banks. More than 50% of the proceeds came from international investors. ”Thanks to the strong demand, it was possible to more than double the originally planned volume of the Schuldschein. In addition to its solid balance-sheet structure, Nordex’s sustainable and stable business model met with great interest. This applies equally to conventional and ESG investors,” says Antonio Keglevich, head of Green Bond Origination at UniCredit Bank, which acted as a green structuring advisor. The bonded loan is being issued in tranches of 3, 5, 7 and 10 years with fixed or variable coupons. Depending on the tranche, the coupon on the issue date is between 1.5% and 3.0%. About Nordex For more information, please contact: 2016-03-31 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English | |
Company: | Nordex SE | |
Erich-Schlesinger-Straße 50 | ||
18059 Rostock | ||
Germany | ||
Phone: | +49 381 6663 3300 | |
Fax: | +49 381 6663 3339 | |
E-mail: | info@nordex-online.com | |
Internet: | www.nordex-online.com | |
ISIN: | DE000A0D6554 | |
WKN: | A0D655 | |
Indices: | TecDAX | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX | |
End of News | DGAP News Service |
THE NORDEX GROUP
The Nordex Group
The Group has installed more than 29 GW of wind energy capacity in over 40 markets and in 2019 generated revenues of EUR 3.3 billion. The company currently employs a workforce of approx. 7,900. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States, India, Argentina and Mexico. The product portfolio is focused on onshore turbines in the 2.4 to 5.X MW class, which are tailor-made for the market requirements in countries with limited space and regions with limited grid capacity.