RepowerRepower

 

01-23-2017Repower issues “Green” SSD bonds

In the course of the regular refinancing of sections of its renewable generation portfolio, Repower has successfully issued two SSD (Schuldscheindarlehen) promissory notes, issue date 23 January 2017, totalling EUR 50 million (divided into two tranches with terms of 7 and 8 years respectively and a fixed rate of interest). Lead arranger and structurer of the transaction was ING Bank, a branch of German bank ING-DiBa AG.

The form of the loan is geared to the goal of making Repower’s generation portfolio 100% renewables-based. An independent second party opinion confirmed that the assets underlying the financing meet the relevant requirements of the Green Bond Principles. Repower is the first Swiss company to conduct financing in this form.

“Following the increase in capital in 2016, the successful issue of the SSDs is another milestone in our efforts to finance the transition to a 100% renewable energy generation portfolio. The move further diversifies the financing of our group, optimises the balance of assets and euro-denominated debt, and demonstrates Repower AG’s acceptance on the capital market”, says Stefan Kessler, CFO of Repower AG.


Kontakt 

Stefan Kessler
CFO
T +41 81 839 7111
M +41 78 774 1419
stefan.kessler(at)repower.com

 

Michaela Leuenberger
Medienstelle
T/M  +41 81 423 7881
michaela.leuenberger(at)repower.com

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Contact

Werner Steinmann
Responsabil Relaţii cu Presa

T +41 81 839 7111
F +41 81 839 7299