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ABO Wind AG: Bond paves way for construction of large wind and solar farms

·5-min read

DGAP-News: ABO Wind AG / Key word(s): Bond/Issue of Debt
29.01.2021 / 09:00
The issuer is solely responsible for the content of this announcement.

Bond paves way for construction of large wind and solar farms

- GLS Bank exclusively distributes bonds

- Nine-year term with attractive interest rates

Customers of the social-ecological GLS Bank can exclusively subscribe to a subordinated corporate bond of ABO Wind AG starting next week. The bond has a term of nine years with attractive interest rates.

"GLS Bank and ABO Wind have been collaborating successfully for about 20 years in pushing the energy transition and mitigating global warming," says GLS Board Member Christina Opitz. "By distributing the corporate bond, we contribute to a further expansion of renewable energies. The goal is to build many more wind and solar farms as quickly as possible in Germany and internationally, to generate climate-friendly electricity."

The wind and solar farms built so far by ABO Wind reduce carbon dioxide emissions by five million tonnes each year. ABO Wind's more than 700 employees are currently working on the development and construction of around 5,000 new wind energy and photovoltaic plants as well as storage projects in 16 countries worldwide. These include very large projects with a capacity of 100 megawatts or more.

For these large projects, the financing of the construction phase can be a challenge, especially when several large projects are realised simultaneously. To prepare for this, ABO Wind had already increased its equity last year. The issuing of the bond fits into this strategy; it will have a volume of up to 30 million euros and can be increased.

"We are honoured that the GLS Bank will offer our bond to its customers, as we are aware of the bank's high ethical, ecological and commercial standards," says ABO Wind's Managing Director Dr Jochen Ahn. "By placing this bond, we can finance and accelerate the implementation of wind and solar farms, and we continue the long-standing and successful cooperation between our companies."

 

Important notes:

This announcement does not constitute an offer. In particular, it does not constitute a public offer to sell or an offer or invitation to acquire, purchase or subscribe for bonds, shares or other securities. The offer is governed exclusively by the securities prospectus approved by the Commission de Surveillance du Secteur Financier ("CSSF") on 28 January 2021. This prospectus is available for download at www.abo-wind.com/anleihe and www.bourse.lu. The securities prospectus alone contains the information for investors required by law.

Investors are advised to carefully read the Prospectus, which has been reviewed by the CSSF for completeness, consistency and comprehensibility, before deciding to acquire or dispose of bonds of ABO Wind AG in order to fully understand the potential risks and rewards of the investment decision and to make an investment decision only after having consulted with their own lawyers, tax advisors and/or financial advisors and having taken into account all available information about the company. It should be noted that any approval of the Prospectus by the CSSF should not be construed as an endorsement of the securities concerned.

A public offer of the securities mentioned in this announcement will take place exclusively on the basis of and in accordance with the securities prospectus and only in the Federal Republic of Germany and the Grand Duchy of Luxembourg. In particular, neither a public offer nor an invitation to submit an offer to purchase securities is taking place in the United States of America, Japan, Canada, New Zealand or Australia.

The securities referred to in this announcement are not and will not be registered under the United States Securities Act of 1933 (the "Securities Act") or the securities laws of any state of the United States of America and may not be offered, exercised, sold, pledged, transferred or delivered (neither directly nor indirectly) to or within the United States of America, to or for the account of or for the benefit of any US person (as defined in Regulation S under the Securities Act), unless this is done pursuant to a relevant registration or due to an exception or exemption from the registration requirements of the Securities Act or in a transaction not subject to the registration requirements of the Securities Act and in any case in accordance with applicable securities laws of the respective states of the United States of America.

This announcement may contain forward-looking statements. Forward-looking statements are all statements that are not historical facts or events. This applies in particular to statements about the company's intentions, beliefs or current expectations regarding its future financial performance, plans, liquidity, prospects, growth, strategy and profitability and the economic conditions to which the company is exposed. The forward-looking statements are based on current estimates and assumptions made by the company to the best of its knowledge. However, such forward-looking statements are subject to risks and uncertainties because they relate to future events and are based on assumptions that may not occur in the future. The company undertakes no obligation to update or revise any forward-looking statements contained in this announcement to reflect events or circumstances after the date hereof, unless such update or revision constitutes inside information subject to disclosure requirements.




Contact:
Alexander Koffka
Phone: +49 (0)611 267 65-515
Fax: +49 611 267 65-599
E-Mail: alexander.koffka@abo-wind.de


29.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

ABO Wind AG

Unter den Eichen 7

65195 Wiesbaden

Germany

Phone:

+49 (0)611 26 765 0

Fax:

+49 (0)611 26 765 5199

E-mail:

global@abo-wind.de

Internet:

www.abo-wind.de

ISIN:

DE0005760029

WKN:

576002

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange

EQS News ID:

1164167


 

End of News

DGAP News Service

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