EIB Continues to Support German-Norwegian Interconnector

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European Investment Bank (EIB) closes a EUR 100m single investor tap of TenneT's 2017 hybrid bond to support the construction of NordLink interconnector between Norway and Germany / Transaction backed under European Fund for Strategic Investments (EFSI), part of successful Juncker Plan. This marks EIB’s first participation in a market hybrid bond issuance

TenneT Holding B.V. and the EIB today closed the issuance of EUR 100 million hybrid capital by TenneT (rated A3/A-). EIB has purchased EUR 100 million hybrid securities to be consolidated and form a single series with TenneT’s hybrid Securities programme launched on 12 April 2017. The European Investment Bank has herewith reaffirmed its support for the Nordlink interconnector between Germany and Norway. After... ... More: Official Press Release EIB

Keywords:

TenneT, EIB, Norway, Germany, offshore, wind energy, grid, interconnektor, NordLink