EQS-News: ENCAVIS AG placed successfully Green Promissory Note Bond in the amount of EUR 210 million for further growth projects
EQS-News: ENCAVIS AG
/ Key word(s): Financing/Expansion
Encavis AG placed successfully Green Promissory Note Bond in the amount of EUR 210 million for further growth projects
Hamburg, 28 February 2023 – Hamburg-based wind and solar park operator Encavis AG (Prime Standard; ISIN: DE0006095003; stock symbol: ECV), listed on the MDAX of Deutsche Börse AG placed a market-wide syndicated Green Promissory Note Bond (Schuldscheindarlehen/SSD) in the amount of EUR 210 million for the first time again after 2018. Announced was an issue in the volume of EUR 50 million with the opportunity of a demand-driven increase. The strong demand of all groups of investors succeeded the offered volume to be issued within a few days. Therefore, more than four times of the volume originally planned to be issued could be placed at around 50 investors in three different tranches of 3, 5 and 7 years of maturity with fixed and variable interest rates. Especially savings and cooperative banks, as well as foreign banks, pension funds and insurance companies absorbed one of the first Promissory Note Bond issues of 2023. ‘Based on the successful placement of the large volume of this Green Promissory Note Bond together with the still existing Revolving Credit Facilities (RCF), ENCAVIS can acquire again more than 500 megawatts (MW) of generation capacity in 2023 without any issue of equity. Another big step forward to achieve the targets of our growth strategy ‘>> Fast Forward 2025’. The visibility of the short-term pipeline is promising and comprehensive’, commented Dr Christoph Husmann, Spokesman of the Management Board and CFO of the Encavis AG, the performing placement. The liquidity will be invested in growth projects accordingly to Encavis’ Green Finance Framework.
Encavis is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG's environmental, social and governance performance has been awarded by two of the world's leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with their "A" level and ISS ESG with their "Prime" label. Additional information can be found on www.encavis.com
28.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | ENCAVIS AG |
Große Elbstraße 59 | |
22767 Hamburg | |
Germany | |
Phone: | +49 4037 85 62 -0 |
Fax: | +49 4037 85 62 -129 |
E-mail: | [email protected] |
Internet: | https://www.encavis.com |
ISIN: | DE0006095003 |
WKN: | 609500 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1570917 |
End of News | EQS News Service |
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1570917 28.02.2023 CET/CEST
Encavis AG Stock
Currently there is a rather positive sentiment for Encavis AG with 3 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 15 € is below the current price of 17.01 € for Encavis AG, so the potential is actually -11.82%.