ABO Wind to Launch Green Bond for Renewable Energy Expansion

ABO Wind AG has announced the public offering of a green bond aimed at financing the growth and connection of wind, solar, and storage projects to the grid. Starting from 12 April 2024, the bond, with a target volume of up to 50 million euros, will be available for subscription to investors in Germany, Luxembourg, and Austria. The bond is set to mature on 8 May 2029, offering an interest rate between 7.00% - 8.00% per annum.

The proceeds, expected to net up to 48 million euros, will fund current and future renewable energy and storage projects, adhering to the company's green bond framework. This issue follows a successful bond issued in 2021 and marks ABO Wind's first green bond, leveraging the favorable regulatory environment in their markets to support the energy transition and climate protection efforts. With projects under development totaling about 23 gigawatts, ABO Wind is significantly expanding its portfolio.

The green bond is part of a broader public offer in Germany, Luxembourg, and Austria, and includes a private placement effort. B. Metzler seel. Sohn & Co. Aktiengesellschaft and M.M. Warburg are acting as the Sole Global Coordinator and Joint Bookrunner, respectively. This initiative underscores ABO Wind's commitment to fostering renewable energy solutions and contributing to environmental sustainability.