EnergyWatch

European Energy pays for good timing

An existing bond loan will be redeemed at a premium price by European Energy, but the company is not guaranteed any big savings. It is a matter of timing, explains the CEO.

Photo: PR European Energy

Danish solar and wind developer European Energy has kicked off a refinancing of the company's loans. The company will prematurely pay off bonds worth EUR 45 million. Instead European Energy will issue new bonds at a lower interest rate.

However, the challenge is that the company will not necessarily save any money this way.

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