Swedish Wind Company Arise, Planning Refinancing of Bond Loan

Arise Wind Energy

n March 2012, Arise AB (publ) issued a three-year senior and unsecured bond of SEK 350 million (ISIN: SE0004518769). Under the terms of the bond, maturing on 23 March 2015, there is an opportunity for early voluntary redemption. The company plans to exercise this right in connection with a refinancing of the bond by issuing a new bond in the Nordic bond market and has appointed ABG Sundal Collier and Swedbank to investigate the possibilities and conditions for such refinancing. Holders of the bonds are requested to contact ABG Sundal Collier or Swedbank for further information.

The planned new bond issue will be labelled as “green”. DNV GL has provided a Second Party Opinion, based on the Green Bond Principles. Although the proceeds are not traceable to specific projects, the bond is assessed as in line with the spirit behind the Green Bond Principles (GBP), which is to “enable capital-raising and investment for new and existing projects with environmental benefits”. Arise is a company whose sole purpose is to develop and own wind farms and as such is dedicated to the realization of environmental benefits, through low-carbon electricity.

About Arise

Arise is one of Sweden’s leading companies in onshore wind power. Its business concept is to sell electricity generated at the company’s own wind turbines. The company’s target is to have 1,000 MW of onshore wind power constructed and under management by 2017, of which 500 MW will remain in the ownership of the company. Arise is listed on NASDAQ OMX Stockholm.

Press Release About Press Release

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.