Taking advantage of the attractive market conditions, ENGIE has issued its first Green Hybrid Bond (Deeply Subordinated Perpetual Bond) for an amount of EUR1 billion (US$1.22 billion), with a coupon of 1.375% and a Non-Call period of 5.25 years.
Corporate Finance News News
Capstone Infrastructure Corporation has announced that it has acquired the remaining interests in Glen Dhu Wind Energy Limited Partnership and Fitzpatrick Mountain Wind Energy Inc., and closed a new corporate credit facility.
French renewable energy provider Neoen has obtained financing for the construction of a global 1.6 GW renewable energy portfolio, through issuing a junior green bond with a total value of EUR245 million (US$293 million). The bonds have been subscribed by AMP Capital, through its Infrastructure Debt Fund III (IDF III).
The European Investment Bank (EIB), French lender Natixis Energeco and Akuo Energy, the leading French IPP in renewable energy, will take part in an EUR330 million (US$389 million) investment programme targeting nearly 400 MW of renewable energy projects owned by Akuo Energy.
Ence Energía is seeking to restructure its debt through a €220 million (US$261,40 million) facility which will expand its biomass power generation business.
Iberdrola has successfully placed its first issue of green hybrid bonds on the Euromarket, valued at €1 billion (US$ 1.19 billion). The proceeds obtained from it will be used to refinance investments in different renewable projects in the United Kingdom.
Octopus Investments has expanded the landmark £484 million solar portfolio refinancing it closed earlier this year, further expanding the biggest deal of its kind in the European solar sector.
Scatec Solar ASA has successfully completed a NOK750 million (US$92 million) senior unsecured green bond issue with maturity in November 2021.
Canadian Solar Inc. has announced that a wholly owned subsidiary of the Company and a few subsidiaries of Menora Mivtachim Holdings Ltd., one of Israel's five largest insurance and finance groups, entered into a joint venture agreement with the aim to invest in the development, financing, construction and ownership of solar power projects in Israel.
Innogy has signed a stand-alone credit agreement of €2 billion and has issued its inaugural corporate green bond of €850 million (US$1 billion) to refinance wind energy projects in Europe
The Abraaj Group, a leading investor operating in growth markets, and ENGIE, a leading multinational utility company and the largest global independent power producer, have announced a partnership to build a wind platform in India.
Eight19 has announced it has received £1.3 million (US$1.7 million) of investment. Lucros Investment (Netherlands) joined existing investors IP Group, Clarium and Providence in the round.
Cypress Creek Renewables, an integrated renewable energy firm, has secured a US$450 million facility from a consortium of investors including Temasek. Proceeds will be utilized to support the ongoing development, construction and acquisition of solar assets located throughout the United States.
Nordic Investment Bank (NIB) invested has invested €25 million (US$29 million) in subscribing to Lithuania’s first green bond issuance made by the country’s leading energy company Lietuvos Energija.
Building Energy 1 Holdings plc (Building Energy), a global, vertically integrated, renewables-focused independent power producer will receive around €70 million (US$81 million) from ZZ Capital International Ltd (ZZCI) and Zhongzhi Capital (ZZC). The investment was structured through the subscription for mandatorily convertible bonds and equity interests.
IFC, a member of the World Bank Group, has invested INR 6.67 billion (US$103 million) in L&T Infrastructure Finance Company Ltd. by subscribing to the first official Green Bonds in India.
Ancala Partners LLP, an independent mid-market infrastructure investment manager, has announced that it has raised £51 million (US$63.6 million) of debt facilities for Green Highland Hydro (GHH), the asset ownership vehicle for hydroelectric power assets developed by Green Highland Renewables (GHR).