Tennet issues €1bn green hybrid bond

RENEWS.BIZ | Dutch-German grid operator Tennet has issued a green hybrid bond valued at €1bn.

Proceeds will be used to invest in green projects in the Netherlands and Germany to connect offshore wind farms in the North Sea to Tennet’s onshore power grid.

The funds will also be invested in upgrades to onshore transmission capacity to integrate more renewable energy into the grid.

The hybrid green bond has a coupon of 2.374% and a non-call period of 5.25 years.

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