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Siemens Electrical power to refinance Siemens Gamesa financial debt with $1.6 billion eco-friendly bond

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Siemens Electricity AG has put its to start with so-called environmentally friendly bond, increasing 1.5 billion euros ($1.63 billion) that will be made use of to refinance current financial debt of its wind-turbine unit Siemens Gamesa Renewable Vitality.

The German energy-technological know-how company XE:ENR reported late Wednesday that the bond has two tranches of EUR750 million each–one matures in a few many years and has a coupon of 4% and the second has a maturity of 6 years with an once-a-year coupon of 4.25%.

Proceeds…

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