Turkish renewables company Limak prices $450mln green bond
Turkish energy producer Limak Yenilenebilir Enerji (Limak Renewable Energy) has priced a 5.5 year $450 million green bond with a reoffer rate of 9.625% to list on The International Stock Exchange.
The bond will refinance existing debt and associated costs and fund capital expenditures in Limak's green portfolio, and will list on the Guernsey-headquartered exchange on 12th February.
BofA Securities and JP Morgan are global coordinators with Emirates NBD Capital the joint bookrunner. BofA Secuirties also acted as green structuring coordinator.
(Reporting by Imogen Lillywhite; editing by Brinda Darasha)
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