- With this first ever European green bonds convertible into new shares and/or exchangeable for existing shares (“OCEANE Verte”), Neoen further reinforces its commitment to be at the forefront of sustainable finance
- Neoen’s green convertible bonds due 2025 will be issued at par for a maximal nominal amount of €170m and will bear interest at a rate ranging from 2.0% to 2.5% from the Issue Date. The nominal unit value of the Bonds will be set at a premium of 35% to 40% above Neoen’s reference share price
- Proceeds of the Neoen’s green convertible bonds will be allocated to finance or refinance renewable energy production (solar PV, wind power) or storage activities in consistency with EU taxonomy requirements and with the Framework released today and available on Neoen website
- Vigeo Eiris has provided an independent opinion (“Second Party Opinion”) on the Neoen Green Bond Framework and confirms its alignment with the Green Bond Principles 2018 and the EU Green Bond Standards (1)
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Paris, 27 May 2020
Neoen launches the first ever European Green Convertible Bond issue for a maximal nominal amount of €170 million