Deal: NEAG places second tranche of a bearer bond
Frankfurt, Germany - The IPP company NEAG Norddeutsche Energie AG has placed the second tranche of the bearer bond issued in May 2019 with a volume of 25.5 million euro.
With the closing of the transaction, NEAG secures the financial scope to accelerate its ambitious growth targets and moves one step closer to its goal of doubling assets under management over the next two years. With a portfolio of around 300 MW, NEAG is already one of the largest independent power producers (IPP) in Germany.
In structuring, NEAG was accompanied by Frankfurt-based Financial Advisor Capcora.
Source: IWR Online, Aug 08 2019