Danish renewables developer European Energy has issued a €60m green bond.
The tap issue of European Energy’s 2019/2023 green bond brings the company’s total issue amount to €200m.
The tap issue was oversubscribed by almost double with a total order book €116.5m.
European Energy chief executive Knud Erik Andersen said: “Today’s issue was a huge success. We quickly built a strong order book and it was very positive to see investors’ interest in our bond.
“The capital we raised will help accelerate our plans and activities in our markets, to double construction of renewable energy capacity so that we will build 1GW annually. “
With the green bond European Energy has became the first non-financial player with a bond on the Nasdaq OMX Sustainable Debt Index.
Joint bookrunners for the tap transaction were Nordea and DNB.