EQS Group
Fri, 16 June 2023 at 2:21 pm EEST·6-min read
EQS-News: AustriaEnergy International GmbH / Key word(s): Miscellaneous
AustriaEnergy International GmbH: additional tailwind for green hydrogen and green ammonia investments from EU Commission
16.06.2023 / 13:21 CET/CEST
The issuer is solely responsible for the content of this announcement.
AustriaEnergy International GmbH: additional tailwind for green hydrogen and green ammonia investments from EU Commission
EU Commission President and Chile’s President show unity on key energy issues
Expecting major investment in green hydrogen projects
Own investments to be boosted by new secured Green Bond
Webcast for interested investors on Thursday, 22 June 2023 at 17:00
Wien, 16.06.2023 – The visit of the President of the EU Commission, Ursula von der Leyen, to Chile and her talks with Chilean President Gabriel Boric have once again made it clear that Europe and Chile are striving for a close partnership, especially in the field ofgreen hydrogen. Helmut Kantner, Managing Director of AustriaEnergy International GmbH, comments: “If there was still a need for confirmation that we are on the right and forward-looking path with our project for green hydrogen and green ammonia already started in Chile in 2019, then this visit was it. We as a site developer and technology integrator, and certainly many large international investors, value the results of this visit as another important step in improving the framework conditions once again and making them very reliable.”
Ursula von der Leyen also expects a further increase in investments both by the EU and by member states and the private sector – i.e. companies and investors. Kantner: “At our own green-hydrogen/green-ammonia site, which we are implementing in a joint venture with Copenhagen Infrastructure Partners P/S (“CIP”) and Austria’s ÖKO Wind, we are already in the best direct vicinity of leading international Groups working on synthetic fuels or SAF (Special Avition Fuel) here. We will now additionally expand our own investments in the green-hydrogen/green-ammonia site and the corresponding wind energy capacities by issuing a secured Green Bond.”
Ursula von der Leyen in her statement on the Chile visit: “The global demand for hydrogen is skyrocketing, it will increase enormously in the next years. Thus, the European Union has decided not only to produce 10 million tons of green hydrogen itself by 2030, but also to import 10 million tons annually.” This is where the AustriaEnergy Group wants to make an important contribution. As an owner-managed, internationally active site developer and technology integrator in the fields of wind power, photovoltaics, green-hydrogen/green-ammonia and storage technology, the company successfully focuses on the renewable energy market in Chile. With a track record of around 800 MW, the company is one of the pioneers there in wind power and photovoltaics (active since 2013) and green-hydrogen/green-ammonia (actve since 2019).
In order to expand its own renewable energy investments, AustriaEnergy International GmbH is currently offering a secured corporate bond (ISIN: DE000A3LE0J4) with a volume of up to EUR 25 million for subscription. The security, which is qualified by imug rating in accordance with the Green Bond Principles (GBP) 2021 of the International Capital Market Association, carries an interest rate of 8.00% p.a. over a term of five years.
Interested investors can still subscribe to the secured Green Bond 2023/2028 until 26 June 2023 (12:00) via the subscription functionality DirectPlace of the Frankfurt Stock Exchange in the trading system XETRA. At the same time, a private placement will be conducted by BankM AG as bookrunner exclusively to qualified investors in Germany, in certain other countries of the European Economic Area and in Switzerland.
Due to the keen interest, AustriaEnergy will again offer investors the opportunity to obtain information during a webcast (withoutaccompanying conference call) on Thursday, 22 June 2023 at 17:00 (CEST). Registration is possible via the following link: https://montegaconnect.de/event/8jz2pnjastx0g1n8u2kf5pd5mee7caxa
Key data of the secured Green Bond 2023/2028
Issuer
AustriaEnergy International GmbH
Financial instrument
Green Bond (classified by imug/SPO)
Issue volume
Up to EUR 25 million
Coupon
8.00% p.a.
Status
Unsubordinated, secured
Security
First-ranking pledge of the issuer’s dividend claims against AustriaEnergy Spain, S.L.U., which holds all Chilean sites, to the security trustee in favor of the bondholders
Security trustee
Bondholders, S.L.
ISIN/WKN
DE000A3LE0J4/A3LE0J
Denomination
EUR 1,000
Issue price
100%
Offer period
14 to 26 June 2023 (12:00)
Offer
Public offering in Luxembourg, Austria and Germany
Private placement in certain jurisdictions in the EEA and Switzerland
Value date
30 June 2023
Term
5 years: 30 June 2023 to 30 June 2028 (exclusive)
Interest payment
Annuall in arrears on 30 June of each year (for the first time in 2024)
Redemption date
30 June 2028
Redemption price
100%
Special termination rights of the issuer
From 30 June 2025 to 29 June 2026 at 102% of the nominal amount
From 30 June 2026 to 29 June 2027 at 101% of the nominal amount
Termination rights of bondholders and covenants
Cross default
Negative pledge
Transparency obligation
Restriction on disposal
Prospectus
Prospectus approved by the Commission de Surveillance du Secteur (“CSSF”) in Luxembourg with notification to the Austrian Financial Market Authority (“FMA”) and to the Federal Financial Supervisory Authority (“BaFin”) in Germany
The approval of the prospectus shall not be construed as an endorsement of the securities offered.
Applicable law
German law
Stock exchange segment
Open Market of Deutsche Börse AG (Freiverkehr of Frankfurt Stock Exchange)
Bookrunner
BankM AG
Important note:
This publication is neither an offer to sell nor a solicitation of n offer to buy securities. The securities which are the subject of this publication are offered by the issuer exclusively in the Republic of Austria, the Federal Republic of Germany and the Grand Duchy of Luxembourg by way of a public offer. Outside the Republic of Austria, the Federal Republic of Germany and the Grand Duchy of Luxembourg, an offer will be made exclusively in the form of a private placement in accordance with the applicable exemption provisions.
In particular, the securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements.
This publication does not constitute a securities prospectus. The investment decision of interested investors with respect to the securities referred to in this publication is to be made solely on the basis of the securities pospectus prepared by the issuer in connection with the public offer of these securities, including the terms and conditions of the bond, which is available for download on the issuer’s website at www.austriaenergy.com/en/greenbonds/.
Contact:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
089/8896906-25
linh.chung@better-orange.de
16.06.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
AustriaEnergy International GmbH
Stubenring 18/10
1010 Wien
Austria
E-mail:
office.austria@austriaenergy.com
Internet:
www.austriaenergy.com
ISIN:
DE000A3LE0J4
EQS News ID:
1659349