Neoen Finco Plc Prices €650 Million Green Senior Secured Notes Due 2031

Neoen Finco Plc, a subsidiary of Neoen Limited, has announced the pricing of its €650 million 5.5% Green Senior Secured Notes due 2031. The proceeds from this offering aim to address several financial goals: the repayment of an existing bridge facility, covering related fees, and fueling general corporate needs.

Neoen plans to deploy the net proceeds towards funding green projects in line with its Green Financing Framework. CEO Xavier Barbaro expressed gratitude to investors for their trust, highlighting how this issuance diversifies funding sources and supports Neoen’s growth strategy.

While the initiative marks Neoen's debut into the green bond market, it's surrounded by advisories on legal constraints, emphasizing that the notes are directed at qualified investors outside restricted jurisdictions like the United States, Australia, Canada, and Japan.