Alerion Clean Power to issue EUR 110m bond by end-Feb 2015

Dec 19, 2014 - Alerion Clean Power (BIT:ARN) said on Thursday its board approved the issue of a non-convertible fixed-rate secured unsubordinated bond for EUR 110 million (USD 135m) by the end of February 2015.

The bond, whose amount can be raised to up to EUR 130 million, will be listed on the Mercato Telematico delle Obbligazioni market of the Milan stock exchange.

The fixed annual gross rate will be between 6.00% and 6.25%, depending on the market conditions.

Alerion Clean Power will use the bond issue to refinance project financing for its subsidiaries Renergy San Marco Srl, Parco Eolico Licodia Eubea Srl, Wind Power Sud Srl and Minerva Srl.

(EUR 1 = USD 1.228)

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