Scatec to offer four-year green bonds, to buy back 2025 bonds

By Marisa Wong

Los Angeles, Jan. 26 – Scatec ASA plans to price NOK 1.75 billion or the euro-equivalent senior green bonds with a four-year tenor, according to a press release.

DNB Markets, Nordea and SpareBank1 Markets will arrange a series of fixed-income investor meetings beginning on Monday.

Proceeds from the planned issuance will be applied toward eligible activities under the company’s green financing framework.

Subject to completion of the proposed bonds, the company will offer to repurchase in cash parts of its outstanding euro-denominated bonds due Aug. 19, 2025 (ISIN: NO0010931181) with matched settlement for the contemplated new bond issue.

Investors participating in the new offering will be given priority allocation in the buyback.

Scatec is a renewable power producer based in Oslo.

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