German wind turbine manufacturer Nordex places green convertible bonds with a volume of EUR 350m.

The bonds are due on April 14, 2030, where they will be convertible into new and existing ordinary bearer shares.

In connection to the placement, an issued loan from majority shareholder Acciona is already being converted into shares.

”The successful placement demonstrates the high confidence of investors in Nordex’ business model as well as the industry’s long-term prospects. It allows Nordex to strengthen its capital structure while optimizing financing costs”, says Nordex CFO Ilya Hartmann.

After the placement, Nordex traded lower in early trade Wednesday.