Statkraft places EUR 1bn of green bonds in oversubscribed issue

Norwegian state-owned power company Statkraft AS on Tuesday issued a dual-tranche EUR-1-billion (USD 1.09bn) senior unsecured green bond to finance eligible projects, it said.

One tranche will mature in March 2032 and bear a fixed coupon of 3.375%, while the other will pay a fixed 3.75%, maturing in 2039.

Statkraft expects the bonds to be rated A by S&P and A- by Fitch, both with a stable outlook.

Both tranches were oversubscribed, attracting more than 200 investors, the clean power major said. Barclays, Nordea, DNB Markets, Danske Bank, UniCredit and Societe Generale acted as joint bookrunners.

Statkraft will apply for the bonds to be listed on the Euronext Dublin stock exchange. The proceeds will be spent on eligible projects in line with Statkraft’ s Green Finance Framework.

(EUR 1.0 = USD 1.087)

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