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Paris, 7 September 2022
Neoen announces the success of its offering of green bonds convertible into new shares and/or exchangeable for existing shares due 2027 for a nominal amount of €300 million 
  • Neoen’s €300 million green convertible bond due 2027 will bear an interest of 2.875% from the Issue Date (as defined below). The bonds have a Principal Amount of €100,000. The conversion price has been set at a premium of 35% above the reference price 
  • Net proceeds of the new bonds will be allocated to finance or refinance renewable energy production and storage projects in consistency with Neoen’s green bond framework, which is available on the Company’s website 

Neoen, hereinafter the “Company” or “Neoen”, (ISIN Code: FR0011675362, Ticker: NEOEN, Moody’s ESG Solutions rating 65/100), one of the world’s leading independent producers of exclusively renewable energy, announces today the success of its offering of senior unsecured green bonds convertible into new shares and/or exchangeable for existing shares of the Company due 2027 (the “Bonds”), by way of a placement to qualified investors only in accordance with Article L. 411-2, 1° of the French monetary and financial code (Code monétaire et financier), for a nominal amount of €300 million (the “Offering”). Concurrently with the Offering, Neoen announced the exercise of its option to redeem its outstanding c.€200 million convertible bonds due 2024 issued on October 7th, 2019, (ISIN FR0013451820) (the “Existing Bonds”) in accordance with the terms and conditions of the Existing Bonds. 

The net proceeds of the Offering will be allocated to finance or refinance renewable energy production and storage projects in consistency with Neoen’s green bond framework dated May 27th, 2020, and reviewed by Moody’s ESG Solutions (formerly known as Vigeo Eiris). 

Xavier Barbaro, Chairman and CEO of Neoen, comments: We are delighted and proud of the success of this green convertible bonds issuance and thank all investors for their trust. This issuance has been completed with very favorable terms for Neoen and its shareholders. We were already pioneers by issuing the first European green convertible bond, and this new issue strengthens our renowned position in the sustainable finance field. Neoen is pleased to be able to offer investors the opportunity to actively engage alongside the company in the fight against global warming.”