Abo Wind Unveils €50 Million Green Bond Offering with 7-8% Interest to Propel Renewable Projects

Sunita Somvanshi Lined Circle

The Crew

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The most recent €50 million green bond from Abo Wind has an alluring interest rate of 7-8% and is set to mature in 2029.

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Investors in Germany, Luxembourg, and Austria will be able to acquire their share on the Abo Wind website starting on April 12, 2024.

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Bond subscriptions will be easy using Deutsche Börse's Directplace starting on April 22, 2024.

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The money donated will go toward increasing solar and wind power capacity, with the goal of deploying projects totaling 23 gigawatts.

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Adherence to the Green Bond Principles guarantees that investments conform to worldwide benchmarks for sustainable financing.

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CFO Alexander Reinicke emphasizes that this bond issue is strategically significant in view of the bond's 2021 performance.

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The goal of the bond offering proceeds is to finance renewable project development, which will accelerate Abo Wind's growth trajectory.

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A thorough securities prospectus will soon be accessible for investors to review, subject to CSSF clearance.

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Investors seeking financial rewards simultaneously support a clean energy future by purchasing Abo Wind's green bond.

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