Norway, March 20 -- Statkraft has issued a dual-tranche EUR 1 billion senior unsecured bond offering under its EMTN (Euro Medium Term Note) programme. The bonds mature in March 2032 and 2039 and pay a fixed coupon of 3.375% and 3.75% respectively and are expected to be rated A from SandP and A- from Fitch (both stable).
Both tranches were substantially oversubscribed, and more than 200 investors participated in the transaction.
An equivalent amount to the net proceeds from the bond issue will be used to finance Eligible Projects as specified in Statkraft' s Green Finance Framework.
Barclays, Nordea, DNB Markets, Danske Bank, UniCredit and Societe Generale acted as joint bookrunners on the bond issue.
Statkraft will apply for the bonds t...