Nordex has successfully placed new, unsubordinated, unsecured green convertible bonds due 14 April 2030 in an aggregate principal amount of approximately €333m with a denomination of €100,000 each.
The bonds are convertible into new and/or existing no-par value ordinary bearer shares of Nordex.
The pre-emptive rights (Bezugsrechte) of existing shareholders to subscribe to the convertible bonds have been excluded.Nordex chief financial officer Dr Ilya Hartmann said: “Through this convertible bond issuance, we are pleased to enable investors to take part in the improving outlook of the company, as well as to give them the opportunity to be associated with our environmental commitments.
“The successful placement demonstrates the high confidence of investors in Nordex’ business model as well as the industry’s long-term prospects.
“It allows Nordex to strengthen its capital structure while optimising financing costs.”An amount equal to the net proceeds from the convertible bonds will be used for eligible green projects, as defined by Nordex’s Green Financing Framework dated 30 March 2023.