Scatec ASA Plans Investor Meetings for New Green Bonds
Scatec ASA, a prominent player in the renewable energy sector, has announced it will host a series of investor meetings focused on fixed-income opportunities. Beginning on a Monday, the company is collaborating with DNB Markets, Nordea, and SpareBank 1 Markets to engage with investors.
An Exciting Opportunity for Investors
The goal of these meetings is to discuss a potential senior unsecured green bond issuance, estimated at NOK 1,000 million, with a four-year maturity period. This move indicates Scatec's ongoing commitment to boosting its capital in alignment with its sustainable growth strategies, especially based on the prevailing market conditions.
Understanding the Green Bond Issuance
The net proceeds from this anticipated green bond issuance are earmarked for addressing existing financial obligations — specifically the EUR 114 million bonds associated with the ticker "SCATC03 ESG" (ISIN NO0010931181), which are due in the near future.
Moreover, there is a plan to redeem the outstanding EUR bonds on or around a predetermined date in mid-February. This strategic decision underlines Scatec's efforts to streamline its financial commitments while bolstering its position in the renewable energy market.
Scatec's Vision and Commitment
Founded with a vision to enhance sustainable energy access worldwide, Scatec has successfully developed, built, and currently operates a wide array of renewable energy plants. With a strong portfolio inclusive of 5 GW of capacity in operation and under construction across five continents, the company continues to address energy challenges in emerging markets.
Scatec is proud of its commitment to increasing renewable energy capacity through the dedication of its skilled workforce and collaborative partnerships. It operates under a common vision of 'Improving our Future', ensuring that their initiatives not only meet the current energy demands but also contribute positively to the environment.
How to Stay Connected
To learn more about Scatec and its initiatives, interested parties are encouraged to visit their official website. They also have a vibrant presence on LinkedIn, fostering communication with the growing community of renewable energy advocates.
Frequently Asked Questions
What is the purpose of the investor meetings being held by Scatec ASA?
The meetings aim to discuss the potential issuance of a senior unsecured green bond to enhance Scatec's capacity for renewable energy projects.
How much is the anticipated green bond issue?
The expected green bond issue is NOK 1,000 million, with a proposed four-year maturity.
What will the proceeds from the green bond be used for?
The net proceeds will primarily address repayment of existing bonds associated with the ticker "SCATC03 ESG".
What is Scatec ASA’s approach to renewable energy?
Scatec is focused on developing and operating renewable energy plants while committing to sustainable growth and environmental improvement.
How can I learn more about Scatec ASA?
For further information, visit Scatec's official website or connect with them on LinkedIn to stay updated on their initiatives and progress.
