- New bonds planned in EUR and USD with a target volume of €500 million equivalent.
- Represents the first green bond issue by Abengoa and the first European high yield green bond of this kind.
Abengoa Greenfield, S.A., a subsidiary of Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the company that develops innovative technology solutions for sustainable development in the energy and environment sectors, has launched an inaugural €500 million green bond offering, in euro and US dollars, maturing in 2019 and with final tranching to be determined. The Green Bond will be guaranteed by the company and several of the company’s subsidiaries.
The Green Bond and related guarantees will be offered to eligible traditional high yield investors as well as dedicated Socially Responsible Investments buyers, who have a specific mandate or portfolio for buying green bonds, and in each case who are qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or non-U.S. persons in accordance with Regulation S under the Securities Act. The sustainability credentials of the Green Bond have been assessed by Vigeo, the leading European expert in the assessment of companies and organizations with regard to their practices and performance on environmental, social and governance issues.
The Company expects to use the net proceeds to finance, in whole or in part, Eligible Green Projects that meet certain environmental, social and governance (“ESG”) criteria set by Abengoa and Vigeo (as defined in the Preliminary Offering Memorandum dated 22 September 2014) until the long-term financing funds associated to those projects are obtained. The ESG criteria is available on Abengoa’s website in the Corporate Social Responsibility section.
The transaction is aimed at financing Abengoa’s existing and future eligible green energy projects which promote sustainability, whilst optimizing financial costs and diversifying sources of funding.
Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water. (www.abengoa.com)
The information contained herein is not for publication or distribution, directly or indirectly, in any jurisdiction where the distribution of such information is restricted by law, and does not constitute an offer to sell, or solicitation of an offer to buy, securities.
The Notes and the related guarantees referred to herein have not been registered under the U.S. Securities Act of 1933, as amended. The Notes and the related guarantees may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended, or in any other jurisdiction other than in compliance with the laws of that jurisdiction. There is no intention to conduct a public offering of securities in the United States.
The initial purchasers are acting on behalf of the Company and no one else in connection with the Notes and will not be responsible to any other person for providing the protections afforded to clients of the initial purchasers or for providing advice in relation to the Notes.
This notice and any other documents or materials relating to the issue of the Notes are for distribution within the United Kingdom only to persons who (i) have professional experience in matters relating to investments falling within article 19(5) of the financial services and markets act 2000 (the “FSMA”) (financial promotion) order 2005 (as amended, the “Financial Promotion Order”), (ii) are persons falling within article 49(2)(a) to (d) (“high net worth companies, unincorporated associations, etc.”) of the Financial Promotion Order or (iii) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue of the Notes may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). This notice and any other documents or materials relating to the issue of the Notes are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this notice an any other documents or materials relating to the issue of the Notes relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.