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Scatec ASA: Successful placement of senior unsecured green bonds
Globenewswire· 2025-11-05 14:03
Oslo, 5 November 2025: Scatec ASA ("Scatec") has successfully issued a NOK 1,000 million 4.25-year senior unsecured green bond issue with a coupon of 3 months NIBOR + 2.85% p.a. The net proceeds of the green bond issue shall be applied towards repayment of outstanding corporate interest-bearing debt and general corporate purposes as set out in the Green Financing Framework. The bond will extend Scatec’s corporate maturity profile and enhance its financial flexibility. Scatec remains committed to continue de ...
Aya Gold & Silver (OTCPK:AYAS.F) 2025 Conference Transcript
2025-10-08 16:22
Summary of Conference Call Company Overview - **Company Name**: Aya Gold & Silver - **Industry**: Mining, specifically silver and gold production - **Location**: Morocco Key Points and Arguments - **Unique Silver Production**: Aya Gold & Silver operates one of the rare pure silver mines in Morocco, achieving recovery rates of 92% to 94%, significantly higher than the industry average of 65% to 70% [2][3] - **Growth Strategy**: The company plans to add gold production in the coming years, with a goal to quadruple revenue by 2029 through the addition of a second mine [3][7] - **Drilling Program**: Aya conducts one of the largest drilling programs in the sector, with plans to drill 300,000 meters annually, which is expected to increase the ounces of silver in the ground [3][7] - **Financial Health**: The company has a clean balance sheet with no lawsuits, $140 million in cash, and low all-in costs below $20 per ounce of silver [5][6] - **Green Mining Practices**: The mine operates on solar and wind energy, recovering 88% of water used, qualifying it for green financing at favorable rates [6][17] - **Production Capacity**: Currently producing 100,000 ounces of silver weekly, with a projected annual production of 5 million ounces, expected to rise to 6 million ounces next year [11][12][17] - **Cost Efficiency**: The cost of construction in Morocco is significantly lower, with the first mine built for $140 million compared to $400-$500 million in North America [27] Regulatory Environment - **Permitting Process**: The permitting process in Morocco is efficient, with mining permits renewable every 10 years, and the company has a strong relationship with local authorities [8][30][35] - **Government Support**: The Moroccan government is supportive of mining projects that create jobs, with Aya employing 1,500 people and only 1% expats [34][35] Exploration and Future Prospects - **Exploration Areas**: Aya holds significant land in the Zgounder and Boumadine districts, with ongoing exploration efforts utilizing advanced technologies like AI for geological analysis [18][20][22] - **Boumadine Project**: The Boumadine deposit is noted as the largest identified over the last 2,000 years, with significant silver and gold potential [22][23] - **Upcoming Updates**: A Preliminary Assessment (PA) based on 450 million ounces of silver is expected to be released soon, indicating strong future growth potential [23] Additional Insights - **Market Position**: Aya is positioned as the number one mining company in Morocco, with a focus on sustainable and efficient mining practices [10] - **Community Engagement**: The company emphasizes local employment and community development, which enhances its reputation and operational stability [34][35] This summary encapsulates the key aspects of Aya Gold & Silver's operations, financial health, regulatory environment, and future growth prospects as discussed in the conference call.
X @Bloomberg
Bloomberg· 2025-09-10 14:24
African leaders chastised developed nations for failing to honor pledges to ramp up green financing and said they will tap the private sector to help protect their economies from climate change https://t.co/kbmRU7oEx2 ...
X @Bloomberg
Bloomberg· 2025-08-11 06:55
Project Overview - A $167 billion (1670 亿) mega-dam project in Tibet is under close examination [1] Financial Scrutiny - The project's access to green financing is facing strict scrutiny [1]
VGP Announces €76 Million Tap Issuance Under Green Bond Framework with EBRD
Globenewswire· 2025-05-19 16:00
Core Points - VGP NV announced a tap issuance of €76 million in additional senior unsecured Green Bonds, subscribed by the European Bank for Reconstruction and Development (EBRD) [2] - The total outstanding amount of green bonds now stands at €576 million, which includes the existing €500 million green bonds due on 29 January 2031 [3] - The net proceeds from the issuance will exclusively finance or refinance eligible Green Projects aligned with VGP's Sustainable Finance Framework [4] Company Overview - VGP is a pan-European owner, manager, and developer of high-quality logistics and semi-industrial properties, as well as a provider of renewable energy solutions [8] - As of December 2024, VGP's gross asset value was €7.8 billion, with a net asset value (EPRA NTA) of €2.4 billion [8] - The company operates in 18 European countries and has around 380 full-time employees [8]
Landsvirkjun Successfully Issues Green Bonds in the U.S. Market
Globenewswire· 2025-05-15 16:05
Core Viewpoint - Landsvirkjun successfully issued green bonds totaling USD 150 million, exceeding the original target of USD 125 million due to strong investor interest [1] Group 1: Bond Issuance Details - The bonds have maturities of 6 and 8 years and were issued in three tranches, with two tranches having fixed interest rates of 5.17% and 5.37%, reflecting spreads of 115–125 basis points over U.S. Treasury bonds [2] - The third tranche features a floating interest rate indexed to SOFR with a spread of 144 basis points, and the issuance is covenant-free, indicating investor confidence in the company's financial position [2] Group 2: Role of Placement Agents - Barclays Capital Inc. and ING Financial Markets LLC served as joint placement agents for the bond issuance [3] Group 3: Use of Proceeds - Proceeds from the bond issuance will finance Landsvirkjun's power projects, including the Vaðalda Wind Farm, which will be Iceland's first wind power plant, and the Hvammur Hydropower Station, the eighth hydroelectric power plant in the Þjórsá and Tungnaá region [4] Group 4: Green Financing Framework - The bonds are issued under Landsvirkjun's Green Financing Framework, which ensures that proceeds are exclusively used for projects with positive environmental and climate impacts [5]