Scatec ASA has successfully raised NOK 1,250 million through a 4-year senior unsecured green bond, carrying a coupon of 3-month NIBOR + 3.15% p.a. The bond saw strong investor demand and was significantly oversubscribed. DNB Markets, Nordea, and SpareBank 1 Markets acted as Joint Lead Managers for the transaction. An application will be submitted to list the bonds on Oslo Børs.
Net proceeds, along with available liquidity, will be used to repay the outstanding EUR 114 million (NOK ~1.3 billion) “SCATC03 ESG” bond (ISIN NO0010931181) maturing on 19 August 2025. This refinancing strengthens Scatec’s corporate maturity profile and financial flexibility. The company remains committed to deleveraging at the corporate level, allocating 75% of divestment proceeds to debt repayment.
){kind=link}