Noerr advises ABO Wind AG on placement of a green bond

Noerr has advised ABO Wind AG on the successful placement of a green bond worth €65 million.

The offer consisted of a public offering in Luxembourg and Germany via the subscription functionality DirectPlace at the Deutsche Börse stock exchange, a public offering by ABO Wind in Germany, Luxembourg and Austria, and a private placement in Germany and other selected countries.

The bond, which has an interest rate of 7.75% and a term of five years, will be traded on the Quotation Board segment (Open Market) of the Frankfurt Stock Exchange. The net proceeds from the bond issue will be used to finance current and future renewable energy and storage projects. In line with the established framework for green bonds, the funds will be invested in the development and construction of wind and solar farms and battery storage facilities (individually and in combination).

B. Metzler seel. Sohn & Co. AG assisted in the transaction as sole global coordinator together with M.M. Warburg as joint bookrunner.

ABO Wind relied on a Noerr team led by partner Julian Schulze De la Cruz for legal advice in connection with issuing the bond and preparing the prospectus. Noerr acts for issuers and banks in equity and debt capital transactions on a regular basis.

Advisors to ABO Wind AG: Noerr Partnerschaftsgesellschaft mbB

Lead: Julian Schulze De la Cruz (partner, Capital Markets, Frankfurt)

Capital Markets team: Dominik Kloka (partner), Thomas Thies (senior associate, Frankfurt), Juri Stremel (senior associate, Hamburg)