Aquila European Renewables Income Fund PLC - renewable energy infrastructure investor - Notes the Rock project - or Oyfjellet Wind Farm - which the company's wholly owned subsidiary holds a 14% interest, successfully closed a US private placement and junior Nordic green bond. The bond refinancing comprises a USPP of EUR235 million and a green bond of EUR80 million, representing a combined issuance amount of EUR315 million. The USPP notes are rated investment grade and both bond issuances were oversubscribed.
Chair Ian Nolan comments: "We are pleased to announce the first debt capital markets issuance for AERIF via its investment in the Rock. In addition to the economic benefits associated with the refinancing, we are happy to have launched the company's first green bond, further augmenting our participation in the green energy transition."
Current stock price: EUR1.02
Year-to-date change: down 4.7%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Aquila Euro. (AERS)