Nordic-Baltic TSOs conclude pre-feasibility study for hydrogen corridor
Sep 09, 2024 10:43 CESTGerman transmission system operator (TSO) Amprion has raised EUR 1.1 billion (USD 1.21bn) in its latest green bond issuance with the proceeds to be invested in grid upgrade initiatives.
“The proceeds will be invested exclusively in our green project portfolio, directly supporting our goals to expand and modernise the transmission grid to integrate more and more renewable energy,” CFO Peter Ruth said in a press statement on Monday.
The latest bond issuance was carried out in two tranches of EUR 500 and EUR 600 million, respectively. The first tranche has a maturity of six years and a coupon of 3.125% per year. The second one, which bears a coupon of 3.850%, matures in 15 years.
The transaction was arranged by Bayerische Landesbank, Commerzbank, DZ BANK AG, ING, Landesbank Hessen-Thüringen, Landesbank Baden-Württemberg, SEB and UniCredit.
In mid-May, Amprion placed a green dual-tranche bond with a total nominal value of EUR 1 billion.
Earlier this year, the German company committed to investing around EUR 27.5 billion in expanding and upgrading the transmission grid over the next five years.
(EUR 1 = USD 1.104)
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