Better Energy to delay 3 GW of Danish PV projects amid negative prices
Sep 19, 2024 11:14 CESTDanish cable maker NKT A/S (CPH:NKT) has successfully issued green callable subordinated capital securities in an aggregate principal amount of EUR 150 million (USD 149.6m) to finance or refinance tangible assets and operational expenditures.
The company said on Thursday that the issue price will be 100% and the securities will bear a coupon of 7.240% per annum until the first call date. The settlement date is September 1, 2022, while the maturity date is July 1, 3022. The first call date is scheduled for July 1, 2026.
The securities will be listed on the regulated market of Nasdaq Copenhagen no later than the end of the year. Danske Bank A/S, Nordea Bank Abp and Nykredit Bank A/S served as joint bookrunners.
According to CFO Line Andrea Fandrup, the company has recognised high investor interest.
NKT is one of the main suppliers of cables for interconnections and both onshore and offshore wind projects, as well as solar projects. The company launched its green finance framework on Monday.
“Sustainability is a key strategic priority for NKT. We enable the green transition of societies with our power cable solutions and have worked to reduce the carbon footprints of our cables e.g. by switching to green electricity in our production and recycling 100% of our scrap. Having our sustainability strategy linked to our financing framework is yet another demonstration of our strong commitment to the fight against climate change,” NKT's finance head commented at the time.
(EUR 1 = USD 0.997)
Better Energy to delay 3 GW of Danish PV projects amid negative prices
Sep 19, 2024 11:14 CESTEurowind, Wind Estate set up EUR-400m wind JV in Denmark
Sep 18, 2024 11:01 CESTVattenfall inaugurates 344-MW Vesterhav Nord and Syd in Danish waters
Sep 12, 2024 15:26 CESTNordic Solar enters BESS market with 10-MWh project in Denmark
Sep 11, 2024 15:12 CESTEuropean Energy suffers H1 earnings losses but confirms guidance
Aug 30, 2024 11:16 CESTH2 Energy seeks to link 1-GW Danish hydrogen plant to German network
Sep 10, 2024 11:55 CEST