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Siemens Energy AG has put its initial so-identified as eco-friendly bond, elevating 1.5 billion euros ($1.63 billion) that will be employed to refinance current debt of its wind-turbine unit Siemens Gamesa Renewable Electrical power.
The German electricity-technological innovation firm
ENR,
said late Wednesday that the bond has two tranches of EUR750 million each–one matures in 3 many years and has a coupon of 4% and the 2nd has a maturity of six years with an yearly coupon of 4.25%.
Proceeds from the bond issue–which can only be applied for projects that meet environmental, social and governance criteria–may also be utilized to refinance the acquisition of exceptional shares of Siemens Gamesa, Siemens Electricity reported. Siemens Power holds a 97.79% stake in Siemens Gamesa, it claimed.
Siemens Energy reported the full buy ebook for the bond was close to EUR5.5 billion.
Generate to Adria Calatayud at [email protected]
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