Norway's government-owned renewable energy producer, Statkraft AS, announced on Wednesday the completion of a dual-tranche EUR 1 billion (USD 1.08 billion) senior unsecured bond offering through its EMTN (Euro Medium Term Note) programme.
The green bonds, totaling EUR 1 billion, attracted significant investor interest, featuring fixed coupons of 3.125% for both tranches.
The first tranche matures in December 2026, while the second matures in December 2031. Statkraft reported that both tranches were oversubscribed, indicating strong market demand.
The joint bookrunners for the bond issue included Barclays, Nordea, UniCredit, and Societe Generale. The raised funds will be directed towards financing eligible projects defined within Statkraft's Green Finance Framework, aligning with the company's commitment to sustainable and environmentally friendly initiatives.
In line with this development, Statkraft expressed its intention to seek listing of the bonds on Euronext Dublin, further enhancing transparency and accessibility for investors.
