Brief: Aydem Yenilenebilir Enerji Completes Bookbuilding Process With $1.6 Billion Order

Aydem Yenilenebilir Enerji

27/07/2021 09:02

July 27 (Reuters) - AYDEM YENILENEBILIR ENERJI AS  AYDEM.IS :
    * BOOK BUILDING PROCESS FOR  GREEN BONDS TO BE ISSUED OUTSIDE OF TURKEY TO
QUALIFIED INVESTORS WITHIN FORMAT OF "RULE 144A" AND/OR "REGULATION S" IS
SUCCESSFULLY COMPLETED
    * THE BOOK IS OVERSUBSCRIBED WITH $1.6 BILLION ORDER
    * NOTES WILL HAVE NOMINAL VALUE OF $750 MILLION AND THE MATURITY OF 5.5
YEARS
    * ALL OUTSTANDING FINANCIAL INDEBTEDNESS OF COMPANY TO LENDERS WILL BE PAID
WITH
PROCEEDS OF THE ISSUANCE
    * NOTES NOT TO BEAR ANY PRINCIPAL PAYMENT FOR 3,5 YEARS AND REMAINING
PROCEEDS
WILL BE UTILIZED IN NEXT THREE YEARS TO MEET CO'S OBJECTIVE TO DOUBLE ITS
INSTALLED CAPACITY
    * SALE TRANSACTION IS EXPECTED TO BE COMPLETED ON AUGUST 2

Source text for Eikon:  ID:nIKAR8p9Q 
Further company coverage:  AYDEM.IS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))