ABO Wind AG Successfully Places Oversubscribed Green Bond

ABO Wind AG announced the successful placement of its 2024/2029 Green Bond, originally aimed at a volume of 50 million euros but increased to 65 million due to high demand. The bond, attracting substantial attention from both institutional and private investors, was significantly oversubscribed. It carries an annual interest rate of 7.75% and has semi-annual payments scheduled for each May and November.

The offering included public offers in Germany, Luxembourg, and Austria, and also involved a private placement. Due to oversubscription, allocations for larger subscriptions were adjusted. The bond is set to be listed on the Frankfurt Stock Exchange Quotation Board as of May 8, 2024, with trading expected to commence shortly before on May 3.

Funds raised from this bond, totaling approximately 62.5 million euros net, will finance renewable energy projects including wind and solar parks, and battery storage systems. According to Alexander Reinicke, CFO of ABO Wind, this financing supports the company's growth strategy and its contributions to energy transition and climate protection. The bond's compliance with the ICMA Green Bond Principles has been verified by imug rating’s Second Party Opinion.