Siemens Energy AG has placed its first so-called green bond, raising 1.5 billion euros ($1.63 billion) that will be used to refinance existing debt of its wind-turbine unit Siemens Gamesa Renewable Energy.
The German energy-technology company XE:ENR said late Wednesday that the bond has two tranches of EUR750 million each–one matures in three years and has a coupon of 4% and the second has a maturity of six years with an annual coupon of 4.25%.
Proceeds…
This post was originally published on Market Watch
