Vestas raises capital by issuing Eurobonds
15-03-2010
09:51
As part of Vestas’ efforts to optimise and diversify its funding base and to further strengthen its capital resources, the company has decided to launch an issuance of bonds denominated in Euro.
The target maturity is five years, and the size of the issue and coupon will be decided when the book building process closes, presumably today, March 15.
The net proceeds of the issue will be applied by Vestas Group for general financing and corporate purposes.
»For a large European corporation like Vestas, it is natural to investigate opportunities in various capital markets,« said Henrik Nørremark, Executive Vice President and Chief Financial Officer.
»We consider hte Eurobond market an attractive source of financing as it offers longer term visibility and attractive pricing, which is why we have decided to proceed with the launching of a corporate bond,« he added. Direkt/BNS
The target maturity is five years, and the size of the issue and coupon will be decided when the book building process closes, presumably today, March 15.
The net proceeds of the issue will be applied by Vestas Group for general financing and corporate purposes.
»For a large European corporation like Vestas, it is natural to investigate opportunities in various capital markets,« said Henrik Nørremark, Executive Vice President and Chief Financial Officer.
»We consider hte Eurobond market an attractive source of financing as it offers longer term visibility and attractive pricing, which is why we have decided to proceed with the launching of a corporate bond,« he added. Direkt/BNS
*****||*****Vestas raises capital by issuing Eurobonds*****||*****As part of Vestas’ efforts to optimise and diversify its funding base and to further strengthen its capital resources, the company has decided to launch an issuance of bonds denominated in Euro.
The target maturity is five years, and the size of the issue and coupon will be decided when the book building process closes, presumably today, March 15.
The net proceeds of the issue will be applied by Vestas Group for general financing and corporate purposes.
»For a large European corporation like Vestas, it is natural to investigate opportunities in various capital markets,« said Henrik Nørremark, Executive Vice President and Chief Financial Officer.
»We consider hte Eurobond market an attractive source of financing as it offers longer term visibility and attractive pricing, which is why we have decided to proceed with the launching of a corporate bond,« he added. Direkt/BNS*****||*****
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