World set to install 593 GW of new solar in 2024 - Ember
Sep 19, 2024 13:28 CESTGerman diversified group BayWa AG (ETR:BYW6) has raised EUR 500 million (USD 559.6m) from its maiden offering of green bonds in a transaction that was “considerably” oversubscribed.
The proceeds will be allocated for new and existing wind and solar parks globally, BayWa said on Tuesday.
The securities were placed for domestic and international institutional investors from Germany, England, France, Austria and Switzerland. They have a coupon of 3.125% and a term of five years. It is traded on the regulated market of the Luxembourg bourse.
BNP Paribas led the placement, while DZ Bank AG, ING Bank NV and UniCredit Bank AG acted as joint lead managers.
BayWa noted that the sale represents the first green bond transaction in benchmark size in Europe of an unrated issuer. "The fact that the green bond was considerably oversubscribed is a clear sign that BayWa is seen as sound and attractive by investors from over 20 countries," commented Andreas Helber, BayWa’s chief financial officer.
(EUR 1.0 = USD 1.119)
World set to install 593 GW of new solar in 2024 - Ember
Sep 19, 2024 13:28 CESTPNE wins 24 MW of onshore wind projects in German auction
Sep 19, 2024 8:35 CESTSolar expansion in Germany slows down to 790 MW in August
Sep 18, 2024 14:19 CESTNordex to supply 6.8-MW turbines for 68-MW German wind project
Sep 18, 2024 9:08 CESTGermany awards 2.7 GW in onshore wind tender amid record interest
Sep 17, 2024 15:16 CESTLEAG breaks ground on 31 MW solar project in Germany
Sep 17, 2024 12:22 CEST