The electricity company EGE Haina reported today that it raised 20 million dollars in the first issuance of green bonds destined to finance the expansion of the Larimar I wind farm.
This bond issue corresponds to the first tranche of the Larimar I Public Offering Trust. It has received authorization to issue up to $ 100 million of debt.
The demand was 15.27 times the supply of 20 million dollars.
“Which denotes the interest of investors in this type of investment instruments that promote the sustainable development of the country,” said Banco Popular, administrator of the trust.
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Investors will receive a fixed rate in dollars of 5.15%, with semi-annual payments and annual capital amortizations starting next July, with the maximum maturity of the asset being July 31, 2036.
EGE Haina plans to place new tranches of the trust bond on the market throughout this year, the statement added.
The Larimar I wind farm, inaugurated in 2016, is located in Loma Buena Vista, in Enriquillo, Barahona province. It currently has 15 wind turbines that annually produce 200,000 megawatt hours of clean energy.
These bonds will be used to finance the expansion of the installed capacity of the wind farm, from 176.5 MW to 296.5 MW. The data on the increase are provided by the Superintendency of the Securities Market.
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