Plesner represented European Energy on this transaction.
European Energy announced its tap issuance of EUR 75,000,000 callable subordinated green capital securities due 3020 (the hybrid green bonds).
The hybrid green bonds will be consolidated and form a single series with European Energy’s existing EUR 75,000,000 hybrid green bonds issued on 22 September 2020, thereby taking the total issue size to EUR 150,000,000.
The hybrid green bonds were successfully priced at an issue price of 101.75% (plus accrued interest). The net proceeds of the hybrid green bonds are intended to be used for purposes of financing or refinancing of eligible projects in accordance with European Energy’s Green Bond Framework.
European Energy is a Danish company established in 2004, developing wind and solar energy parks and green energy solutions which meet global climate change.
The Plesner team included Anne Cathrine Ingerslev (Picture) and Christian Scott Uhlig.
Law Firms: Plesner;
Clients: European Energy;