Brief: Verbund Places New EUR 500 Mln Green Bond

VERBUND AG

21/05/2024 10:03

May 21 (Reuters) - VERBUND AG  VERB.VI :
    * SUCCESSFULLY PLACES NEW EUR 500 MILLION GREEN BOND
INCLUDING
BIODIVERSITY
    * INTENDS TO USE NET PROCEEDS FROM ISSUANCE OF BOND FOR
GREEN
PROJECTS
    * HIGH DEMAND MADE IT POSSIBLE TO SET INTEREST RATE AT AN
ATTRACTIVE LEVEL OF 3.250%
    * INTENDS TO USE UP TO 90% OF PROCEEDS FROM BOND TO FINANCE
CONSTRUCTION OF 380 KV SALZBURG HIGH-VOLTAGE LINE
    * ADDITIONALLY, VERBUND INTENDS TO FINANCE PROJECTS "LIFE
RIVERSCAPE LOWER INN" AND "LIFE PROJECT BLUE BELT DANUBE INN" (
"BIODIVERSITY PROJECTS")

Source text for Eikon:  ID:nEQ2hg66ca 
Further company coverage:  VERB.VI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))