The bonds have a five-year maturity and were placed with a coupon of 4.625%, corresponding to a spread of 225 basis points above the Euro Mid Swap rate. Vestas says that the issue was more than thee times oversubscribed.
“The strong interest displayed by the fixed income investors is a significant recognition of Vestas’ performance and a reflection of Vestas’ credit quality,” says Henrik Nørremark, executive vice president and chief financial officer of Vestas Wind Systems.
“We
