Famur issues PLN 400 million “green bonds”

The Management Board of Famur has decided to issue up to 400,000 unsecured “green bonds” with a total nominal value of no more than PLN 400 million, the company said in a statement.

C-series bonds will bear interest at a variable interest rate based on WIBOR 6M for 6-month deposits, increased by a margin of 290 bp. annually for each interest period.

“The purpose of the issue of series C bonds was defined in such a way that the issuer undertakes to allocate the proceeds from the issue (…) for direct and indirect financing or refinancing of the development, purchase, construction and operation of green projects” – it was written in the release.

The issue date will be November 3, 2021, and the bond redemption date will be November 3, 2026.

The CEO of Famur, Mirosław Bendzera, informed in September in an interview with PAP Biznes that the company plans to place green bonds this year, the funds from which would be used to take over PV projects and develop competences in business related to green transformation. At that time, he said that the value of the issue could amount to approx. PLN 400 million.


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