31.03.2016
Nordex SE DE000A0D6554
DGAP-News: First 'green Schuldschein' worth EUR 550 million successfully issued by Nordex
DGAP-News: Nordex SE / Key word(s): Financing
First 'green Schuldschein' worth EUR 550 million successfully issued by
Nordex
31.03.2016 / 11:19
The issuer is solely responsible for the content of this announcement.
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First "green Schuldschein" worth EUR 550 million successfully issued by
Nordex
- Schuldschein (promissory note) of EUR 550 million placed with terms of
three to ten years
- Proceeds primarily to be used to finance the acquisition of Acciona
Windpower
- Certification as a "green" financial instrument allowing ESG investors
to subscribe
Hamburg, 31 March 2016. The Nordex Group (ISIN: DE000A0D6554) has
successfully placed a promissory note ("Schuldscheindarlehen") worth EUR
550 million with national and international investors. The banking
syndicate comprises Bayerische Landesbank, BNP Paribas, Commerzbank, HSBC
and UniCredit. Nordex will be using the proceeds of the issue primarily to
finance the acquisition of Acciona Windpower, meaning that this transaction
is funded on a medium and long-term basis. In addition, part of the
proceeds will be used to repay the corporate bond maturing in April.
With this transaction, Nordex is widening its debt capital portfolio with
the issue of the world's first "green" Schuldschein. On the basis of an
expert opinion submitted by DNV GL Business Assurance, the Climate Bond
Standard Executive Board confirmed that the proceeds were being used solely
for purposes with a positive impact on climate and environmental
protection. Previously, only conventional "green" bonds had received this
certification.
In this way, it was possible for investors required to follow environmental
and social standards to subscribe to the investment. These ESG investors
account for around 25% of the subscribers to the bonded loan. All told,
just under one half of the funds raised were provided by German investors,
particularly savings and cooperative banks. More than 50% of the proceeds
came from international investors.
"Thanks to the strong demand, it was possible to more than double the
originally planned volume of the Schuldschein. In addition to its solid
balance-sheet structure, Nordex's sustainable and stable business model met
with great interest. This applies equally to conventional and ESG
investors," says Antonio Keglevich, head of Green Bond Origination at
UniCredit Bank, which acted as a green structuring advisor.
The bonded loan is being issued in tranches of 3, 5, 7 and 10 years with
fixed or variable coupons. Depending on the tranche, the coupon on the
issue date is between 1.5% and 3.0%.
About Nordex
As one of the technological leaders in multi-megawatt wind power systems,
Nordex is benefiting from the trend in favour of large-scale turbines. The
Generation Gamma range comprises the N90/2500, N100/2500 and the N117/2400,
which is one of the most efficient series turbines for non-coastal regions.
To date, over 3,600 of these turbines have been produced. With Generation
Delta, Nordex is now offering the fourth generation of its proven
multi-megawatt platform (N100/3300, N117/3000, N131/3000 as well as the
N131/3000 for the German market). Nordex has installed a total of around
7,000 turbines with an aggregate capacity of more than 13,000 MW all around
the world. With exports accounting for around 70 percent of its business,
Nordex SE also plays a key role in international high-growth regions. The
Company has offices and subsidiaries in more 20 countries around the world
The Group currently has around 3,300 employees around the world. In October
2015, the Nordex Group announced that it would be merging with the Spanish
turbine producer Acciona Windpower.
For more information, please contact:
Nordex SE
Ralf Peters
Telephone + 49 40 300 30 - 1000
[email protected]
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31.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Nordex SE
Erich-Schlesinger-Straße 50
18059 Rostock
Germany
Phone: +49 381 6663 3300
Fax: +49 381 6663 3339
E-mail: [email protected]
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of News DGAP News Service
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449899 31.03.2016
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