Book size: 400; Redemption: 2023-09-16; Comments: EUR300m(upsized from EUR250m) 4yr NC2yr (50/37.5/25/12.5/par every 6mths) snr unsec green (SRI). Danske/DNB/Nordea(B&D). IPTs E+400/+425, revised E+375/+400 WPIR, bks >400m ex-JLM at revised range. MWC to 1st, 3mPC.. Came 300m at 3mE+375.;
Deal Comments
In the Nordic market: 09/01/2021 European Energy A/S
(EPNENG) EUR300m (up from EUR250m) floating rate sr unsec green bonds due 09/16/25 (4y). NC2 (MWC), then month 24-30 at 101.8785. Month 30-36 at 101.406. Month 36-42 at 100.938. Month 42-45 at 100.469. After 45 Months: Par call. Not rated. Via Danske/DNB/Nordea (B&D) jt books. Floats/pay quarterly (act/360). Danish law. List Nasdaq Copenhagen (within 3 months after issue date). Settles 09/16 (T+11). ISIN: DK0030494505. IPT: 3mE+400-425bp (0% Euribor floor). Revised guidance: +375-400bp (WPIR) (books exceeding EUR350m at revised range, excluding JLMs). Final terms: EUR300m at 3mE+375bp (books approaching EUR400m at reoffer excluding JLMs). Priced: 3mE+375bp (0% floor) at 100. Books closed at 1pm CEST 09/01. UOP: Financing or refinancing of Eligible projects in accordance with the Issuer's Green Finance Framework, including funding the tender offer for its EUR200m Senior Secured callable floating rate green bonds (ISIN: DK0030448238) (tender price 102.68, Danske/DNB/Nordea dealer managers). Biz: European Energy develops, finances, constructs and operates wind and solar farms as well as large-scale PtX plants. HQ: Copenhagen, Denmark.
Use of Proceeds
Financing or refinancing of Eligible projects in accordance with the Issuer's Green Finance Framework, including funding the tender offer for its EUR200m Senior Secured callable floating rate green bonds (ISIN: DK0030448238) (tender price 102.68, Danske/DNB/Nordea dealer managers).