SOLARIA ENERGIA Y MEDIO AMBIENTE, S.A. (Hereinafter, “SOLARIA”) announces it has successfully placed its “Globasol Project Bond”.
Rated Investment Grade (BBB- with stable outlook), the Project Bond was issued and placed with a nominal value of forty five million three hundred thousand euros ( 45,300,000) (the “Bonds” and the “Issue”, respectively) , a coupon set at 4.20% payable monthly and a 20,7 year maximum lifespan.
The issue was fully placed between qualified investors, 20% domestic and 80% international and will trade at the Mercado Alternativo de Renta Fija (MARF) / Spanish Alternative Bond Market.
The proceeds from this bond issue will be used to help SOLARIA pursue its new business model based on existing generation projects and the development of new photovoltaic projects in countries that offer good returns on investment combined with a reduced risk profile. SOLARIA is currently analyzing possible investments and / or investing in countries of the European Union, Latin America and Asia.