EQS-News

ABO Wind issues green bond to connect more renewable energy to the grid

EQS-News: ABO Wind AG / Key word(s): Bond/Issue of Debt ABO Wind issues green bond to connect more renewable energy to the grid 11.04.2024 / 10:00 CET/CEST The issuer is solely responsible for the content of this announcement. Press release

ABO Wind issues green bond to connect more renewable energy to the grid

(Wiesbaden, 11 April 2024) In order to finance the company’s continued growth and connect more wind, solar and storage projects to the grid, ABO Wind Aktiengesellschaft will publicly offer a corporate bond with a target volume of up to 50 million euros. From tomorrow, Friday 12 April 2024, investors in Germany, Luxembourg and Austria will be able to subscribe to the bond (WKN: A3829F, ISIN: DE000A3829F5) via the website (www.abo-wind.com/anleihe). For investors in Germany and Luxembourg, the subscription functionality DirectPlace of Deutsche Börse AG will also be available from 22 April 2024. The subscription period ends on 2 May 2024 (12 pm CEST), unless the offer period is extended or shortened.

ABO Wind is issuing the bond, which matures on 8 May 2029, with an interest rate in a nominal range of 7.00% - 8.00% p.a. and a denomination of 1,000.00 euros each. The final interest rate of the bond is expected to be determined in a book building process after the end of the offer on 2 May 2024. Further information including a detailed description of the necessary steps for a subscription as well as the legally binding securities prospectus, to be approved by the Commission de Surveillance du Secteur Financier („CSSF“), will be made available at www.abo-wind.com/anleihe.

The net proceeds from the bond issue of up to 48 million euros are earmarked for financing current and future renewable energy and storage projects. In accordance with the company’s framework for green bonds, the funds will be invested in particular in the development and construction of wind and solar parks and battery storage systems (individually and in combination). As the Second Party Opinion of the expert imug rating also confirms, the planned and documented use of fund for the bond is in line with the guidelines of the Green Bond Principles issued by the International Capital Market Association (ICMA).