Solaria Energia y Medio Ambiente : GROUP announces the successful placement of a EUR 45,3 Million “Globasol Project Bond”
May 05, 2016 at 10:56 am EDT
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2016/05/04
SOLARIA ENERGIA Y MEDIO AMBIENTE, S.A. (Hereinafter, 'SOLARIA') announces it has successfully placed its 'Globasol Project Bond'.
Rated Investment Grade (BBB- with stable outlook), the Project Bond was issued and placed with a nominal value of forty five million three hundred thousand euros (€ 45,300,000) (the 'Bonds' and the 'Issue', respectively) , a coupon set at 4.20% payable monthly and a 20,7 year maximum lifespan.
The issue was fully placed between qualified investors, 20% domestic and 80% international and will trade at the Mercado Alternativo de Renta Fija (MARF) / Spanish Alternative Bond Market.
The proceeds from this bond issue will be used to help SOLARIA pursue its new business
model based on existing generation projects and the development of new photovoltaic
projects in countries that offer good returns on investment combined with a reduced risk
profile. SOLARIA is currently analyzing possible investments and / or investing in countries
of the European Union, Latin America and Asia.
Solaria Energia y Medio Ambiente SA published this content on 04 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 May 2016 14:55:05 UTC.
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Solaria Energia y Medio Ambiente, S.A. specializes in the design, manufacturing, marketing and installation of renewable energy facilities. The activity is organized around 5 areas:
- production of electric energy;
- design and turnkey construction of solar power installations activity;
- installation and repair of solar, thermal, photovoltaic and wind systems ;
- sale of photovoltaic solar panels;
- installation and repair of plumbing, gas, electricity, cooling, heating and air conditioning systems.
Net sales are distributed geographically as follows: Spain (87.3%), Italy (6.8%), Uruguay (2.3%), Portugal and Greece (1.4%) and other (2.2%).
SOLARIA ENERGIA Y MEDIO AMBIENTE, S.A. 
