completes a Euro PP Green Bond issue for €194 million
Summary
The amount raised via the bond issue was an unprecedented 194 million euros and will enable the Akuo Group to accelerate the development of its projects. This illustrates market players continuing strong interest in financing the green economy, thus contributing to the acceleration in the energy transition that has become a priority.Through this operation, investors have demonstrated their trust in the orientations adopted by the Group in recent months and validated the coherence and credibility of the business strategy.The senior unsecured bonds were placed exclusively with qualified investors in the European Union as part of a public offering exempt from the obligation to publish a prospectus, as defined in and in accordance with Regulation (EU) n\xb02017/1129 of June 14, 2017. The purpose of the proceeds of these issues is to finance green energy production or storage facilities in accordance with the Groups development strategy. Akuo applies the principles of the International Capital Market Association (ICMA) for all its outstanding green bonds. Akuo was advised on this issue by Octo Finances (arranger) and law firm CMS Francis Lefebvre Avocats (legal advisor).