ABO Energy KGaA has increased its 2024/2029 bond by 15 million euros in the course of a private placement. The original issue totalled 65 million euros four months ago. In accordance with ABO Energy's framework for Green Bonds, the proceeds from the issue will be invested in the development and construction of wind and solar parks as well as battery storage facilities (individually and in combination). This will partly replace other financing.
“The development of many of our projects is progressing at a satisfactory pace,” says Dr Karsten Schlageter, Managing Director of ABO Energy KGaA. “The increase in the bond will help us to continue the company's successful growth trajectory and to develop and construct more wind, solar and storage projects.”
The other 15,000 bonds with a nominal value of 1,000 each were placed with institutional investors at a price of 101 per cent. Investor demand was well in excess of supply. The transaction was supported by B. Metzler seel. Sohn & Co. AG as Sole Global Coordinator and together with M.M. Warburg as Joint Bookrunner and Noerr PartGmbB as Legal Advisor.
The bond is listed on the Frankfurt Stock Exchange in the Quotation Board segment (Open Market).
