REFI Sun UAB Achieves Milestone in Green Bond Offering Success
REFI Sun UAB Celebrates Successful Bond Offering
REFI Sun, a notable entity under the INVL Renewable Energy Fund I, has achieved a significant milestone by raising over EUR 5 million through a public bond offering. This achievement is a testament to the growing interest in renewable energy investments in Europe. The funds collected will be directed toward financing green projects and optimizing loans within their portfolio.
Details of the Offering
The bonds offered have a maturity period of 2 years and 4 months, boasting an attractive annual yield of 8.5%. Investors can expect interest payments on a quarterly basis, providing a steady return on their investment. To enhance security for bondholders, INVL Renewable Energy Fund I has issued a guarantee covering all REFI Sun bond holders.
Investor Confidence
Liudas Liutkevi?ius, Managing Partner of INVL Renewable Energy Fund I, expressed gratitude for the confidence shown by Baltic investors, especially amid a plethora of bond offerings available in the market. “Their investment signals an increasing trust in our renewable energy initiatives, particularly in regions like Poland and Romania,” he noted. This enthusiasm for green initiatives highlights a broader trend where investors are not only pursuing financial returns but also supporting sustainable energy projects.
Successful Allocation of Bonds
A total of 5,180 bond orders were placed, leading to the successful allocation of 5,000 bonds, generating EUR 5.08 million. The offering attracted 331 investors, with a notable distribution: 89.5% from Lithuania, 7.3% from Latvia, and 3.2% from Estonia. This demonstrates a strong regional commitment to investing in renewable energy.
Institutional vs. Retail Investors
During the offering, 11.4% of bonds were assigned to institutional investors while 88.6% catered to retail investors. This allocation reflects a diverse investor base that spans various sectors of the community, promoting widespread support for alternative energy developments.
The Significance of This Offering
Egl? Džiugyt?, Head of the Financial Markets Department at Artea Bank, attributed the success of the bond offering to a shift in investor sentiment within the Baltic region. She remarked, “Investors are prioritizing not just returns, but also the purposeful deployment of their capital.” The growing acceptance of solar energy projects signifies a maturation of the market, with INVL’s fund guarantees providing a much-needed security blanket for investors.
Partnerships and Collaboration
Artea Bank served as the lead arranger for this bond offering, with LHV Pank and Signet Bank collaborating as distribution partners in Estonia and Latvia, respectively. The legal framework was supported by law firm Sorainen, ensuring credible and robust oversight throughout the offering process.
Future Investments in Renewable Energy
This bond issuance marks the second offering under a EUR 25 million bond program previously approved by the Bank of Lithuania. The first offering yielded EUR 15 million, demonstrating REFI Sun's strategic focus on sustainable energy investments. The fund targets growth opportunities particularly in Poland and Romania, where substantial expansion potential exists.
INVL Renewable Energy Fund I is orchestrating investments in eight solar plants across Romania, aiming for a cumulative capacity of 356 MW. In Poland, the focus is on developing solar park projects that will yield over 32 MW. With expected investments in these markets exceeding EUR 250 million, the fund's commitment to solar initiatives is clear.
Ongoing Commitment to Sustainability
As of now, INVL Renewable Energy Fund I has successfully raised EUR 93.98 million through the issuance of investment units and bonds. This growing financial base underscores their vision of leading the charge in renewable energy across Europe.
About INVL Renewable Energy Fund I
Established in July 2021 under INVL Asset Management, INVL Renewable Energy Fund I targets informed investors looking to engage in early- and mid-stage renewable energy projects, particularly solar initiatives. The fund is committed to building and managing efficient and environmentally friendly power plants throughout the European Union and its member states.
For additional information, please contact:
Liudas Liutkevi?ius
Managing Partner of INVL Renewable Energy Fund I
liudas.liutkevicius@invl.com
Frequently Asked Questions
What was the purpose of the REFI Sun bond offering?
The REFI Sun bond offering aimed to raise funds for renewable energy projects and optimize existing loans.
How much money was raised through the bond offering?
REFI Sun raised over EUR 5 million during this public bond offering.
What are the key features of the REFI Sun bonds?
The bonds have a maturity of 2 years and 4 months and offer an annual yield of 8.5% with quarterly interest payments.
Which markets is the INVL Renewable Energy Fund I targeting?
The fund is focused primarily on the Polish and Romanian markets for solar energy projects.
Who were the partners involved in the bond offering?
Artea Bank was the lead arranger, with LHV Pank and Signet Bank as distribution partners, alongside legal advisor Sorainen.
About The Author
Contact Kelly Martin privately here. Or send an email with ATTN: Kelly Martin as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.