OB:SCATCRenewable Energy
Is Scatec (OB:SCATC) Undervalued As Its New Green Bond Reshapes Its Capital Structure?
Why Scatec’s latest green bond issue matters for the stock
Scatec (OB:SCATC) has issued a NOK 1.5b senior unsecured green bond and is using the proceeds to redeem and buy back existing SCATC04 and SCATC05 bonds, tightening its capital structure within the company Green Financing Framework.
The green bond issue and planned redemption of SCATC04 and SCATC05 come after a mixed share price run for Scatec, with a 30 day share price return of 5.98% contrasting with a year to date share price...