Norwegian state-owned power company Statkraft AS has announced the issuance of a dual-tranche EUR 1 billion senior unsecured green bond to finance eligible projects, according to a statement released on Tuesday.
The first tranche, maturing in March 2032, will bear a fixed coupon of 3.375%, while the second tranche, maturing in 2039, will pay a fixed 3.75% coupon.
Statkraft anticipates the bonds to receive a rating of A from S&P and A- from Fitch, both with a stable outlook.
The issuance attracted significant interest, with both tranches being oversubscribed and attracting over 200 investors, the clean power major noted. Barclays, Nordea, DNB Markets, Danske Bank, UniCredit, and Societe Generale served as joint bookrunners for the transaction.
Statkraft intends to seek listing of the bonds on the Euronext Dublin stock exchange. The proceeds from the issuance will be allocated to eligible projects in accordance with Statkraft's Green Finance Framework.
