Acciona Energia Issues EUR-500M Green Bond

Source: www.gulfoilandgas.com 9/30/2021, Location: Europe

ACCIONA Energía has successfully completed today the pricing of its inaugural €500 million six-year green bond issue. The annual coupon has been set at 0.375%, with a yield of 0.416% (issue price: 99.758%). The company's debut in the debt market, with demand more than five times higher than supply and a competitive funding cost, confirms ACCIONA Energía's appeal to investors for its 100% independent renewable utility profile and its sustainability credentials.

The bonds will be rated BBB- by Fitch and BBB (high) by DBRS and will be listed on Euronext Dublin under the Euro Medium Term Note (EMTN) program established by ACCIONA Energía in July for a maximum amount of €3 billion. The transaction is structured under an advanced green financing framework that is fully aligned with the taxonomy of sustainable activities and the stringent requirements of the European Union's green bond framework.

With the success of this inaugural placement, ACCIONA Energía fulfills one of the main objectives of its IPO: to ensure an optimal cost of financing to maximize the value generated by its growth plan.

ACCIONA Energía plans to double its size in terms of total installed renewable capacity, from 10.7GW in 2020 to 20GW in 2025, with an investment of €7.8 billion.

The positive reception of this first issue consolidates the company's plans to become a recurring issuer in the bond market.

ACCIONA Energía received an investment grade rating from Fitch and DBRS in early September. In June, the company received the best environmental, social and corporate governance (ESG) rating in the global energy sector in a cross-sectoral assessment by S&P Global Ratings.

The underwriters for the issue were BBVA, Bestinver Securities, BNP Paribas, CaixaBank, IMI_Intesa Sanpaolo, JP Morgan, Santander, Societe Generale and Unicredit.


Canada >>  6/27/2022 - Imperial Oil Limited (IMO) announced that it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB)...
China >>  6/27/2022 - Ncondezi Energy Limited ("Ncondezi") (NCCL) is pleased to announce its audited final results for the year ended 31 December 2021.

...


France >>  6/27/2022 - As part of its remuneration policy, Bureau Veritas grants options to subscribe or to purchase shares (“Options”) and Performance shares (“Shares”) to ...
Greece >>  6/27/2022 - Seanergy Maritime Holdings Corp. announced that the application of United Maritime Corporation (“United”) to list its common shares on the Nasdaq Capi...

Iraq >>  6/27/2022 - All payments from the Kurdistan Regional Government ('KRG') for oil sales in March 2022 have now been received, according to a statement from Genel En...
Nigeria >>  6/27/2022 - LEKOIL, the Cayman Islands litigation asset company with an investment in oil & gas assets in Nigeria, provides the following update in respect of the...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.