Statkraft Raises Over EUR 240 Million Through Green Bond Issuance

Credit: Statkraft

's state-owned renewables company AS has successfully raised more than EUR 240 million (USD 261.4 million) through the issuance of senior unsecured green bonds, denominated in Swedish krona and Norwegian krone.

The net proceeds from this offering will be directed toward financing eligible projects as outlined in Statkraft's Green Framework, according to a press statement released on Tuesday.

In the first tranche, Statkraft placed SEK 1.4 billion (USD 134.3 million/EUR 123.3 million). This three-year bond, which will be listed on Euronext Dublin, features a floating rate coupon of three months Stibor plus 0.47% per year.

The second tranche, amounting to NOK 1.4 billion (USD 129.1 million/EUR 118.5 million), will be listed on the Oslo Stock Exchange and matures in 11 years, offering a fixed coupon of 4.597% per year.

DNB Markets, Handelsbanken, and Nordea have been appointed as joint bookrunners for the transaction, with the settlement date set for October 22, 2024.

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