EQS-News

ABO Wind issues green bond to connect more renewable energy to the grid - Seite 2

“Following the successful issue of a bond in 2021 that is maturing in 2030, we are now issuing a green bond for the first time in order to continue to grow and make the most of the opportunities offered by the current favourable regulatory environment in many of our markets,” explains Alexander Reinicke, Managing Director Finance. ABO Wind has invested heavily in the expansion of its pipeline in recent months. These include wind farms, solar parks and battery storage systems that are currently in the development phase. Projects with a nominal output of around 23 gigawatts are currently under development.

“We have thus significantly strengthened the basis for continued business development and intend to continue on this course,” emphasises Reinicke. “We are delighted when investors support us in strengthening our financial resources and help ABO Wind to make a growing contribution to the energy transition and climate protection,” says Reinicke.

The ABO Wind framework for green bonds as well as the imug rating report and other documents relating to the issue can also be found on the website www.abo-wind.de/anleihe.

The offer consists of a public offer in the Federal Republic of Germany, the Grand Duchy of Luxembourg and Austria as well as a private placement in the Federal Republic of Germany and in other countries with the exception of the United States of America, Canada, Australia, and Japan. The public offer consists of (i) a public offer in Luxembourg and Germany via the subscription functionality DirectPlace of Deutsche Börse AG and (ii) a public offer in Germany, Luxembourg and Austria via the website of ABO Wind. B. Metzler seel. Sohn & Co. Aktiengesellschaft is acting as Sole Global Coordinator and together with M.M. Warburg as Joint Bookrunner in the private placement.

 

Contact

ABO Wind Aktiengesellschaft
www.abo-wind.com
T: [phone]
E: [e-mail]

 

Key data for the 2024/2029 bond

Issuer	ABO Wind Aktiengesellschaft
ISIN/ WKN	ISIN: DE000A3829F5/ WKN: A3829F
Purpose	Financing of projects in accordance with the green bond framework
Sort of bond	Bearer bond
Target volume	Up to 50 million euros - demand-induced increase possible
Subscription period	The subscription period begins on 12 April and ends on 2 May 2024 via the issuer’s website and from 22 April to 2 May 2024 via the subscription functionality DirectPlace (Deutsche Börse).
Status	Direct, unconditional, subordinated, not collateralized
Denomination	1,000.00 euros
Issue price	100%
Term	5 years
Interest margin (coupon)	7.00% – 8.00% p.a.; interest is expected to be determined after expiry of the offer on 2 May 2024
Interest payment	Fixed interest, payable semi-annually in arrears on 8 May and 8 November, for the first time on 8 November 2024, for the last time on 8 May 2029
Offering structure	Public offer by the company, incl. subscription functionality DirectPlace (for investors in Germany and Luxembourg) + subscription website (for investors in Germany, Austria and Luxembourg; private placement by joint bookrunners to national and international qualified investors)
Listing	Inclusion in the Open Market of the Frankfurt Stock Exchange (Quotation Board) is applied for
Covenants	Including compliance with leverage ratios; see bond terms for details
ESG format	Agency imug / Green Bond Framework / Second Party Opinion
Joint Bookrunners of the private placement	B. Metzler seel. Sohn & Co. Aktiengesellschaft