- Chilean Colbun issued its first green bond to finance renewable energy projects
Chilean Colbun issued its first green bond to finance renewable energy projects
10/18/2021 Since 10 months
Colbun S.A., a Chilean power generation and transmission company, issued its first green bond in the international market for an amount of 600 million dollars that will be used to finance the construction of its renewable energy projects. Colbun has five wind and solar initiatives in an advanced stage of development for a total 2,000 MW capacity, and another 1,100 MW projects in earlier stages conceived as options to support the future growth of the company.
The bonds were placed with a coupon rate of 3.15% and with maturity in 11 years (2032). The operation was structured in accordance with the regulation of Rule 144 and Regulation S of the United States Securities and Exchange Commission (SEC).
This issuance meets the standards and requirements established in the Green Bond Principles of the International Capital Markets Association (ICMA) to be qualified as a green bond.
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