Audax Renovables closes the placement of 125 million euros in convertible Green Bonds

The energy group closes the placement in the international market with an excess demand of 2.4 times

Audax Renovables (ADX.MC), the energy group that integrates the 100% renewable electricity and gas generation and marketing businesses, has completed the issuance of simple unsecured senior green bonds for an amount of 125 million euros eventually convertible into ordinary shares. .

The operation has aroused great interest among investors, all of them international, which has caused a 2.4 times excess demand and has forced a significant proration to be carried out. Specifically, an issue of 125 million euros has been made with a final maturity date in November 2025 and a . annual interest rate of 2.75%. The bonds are convertible into ordinary shares of Audax Renovables by investors at any time and at the discretion of the company from the third year onwards, as long as the security remains at the price levels established for this purpose.

This first international issuance of green bonds will contribute to further strengthening the company's liquidity, diversifying its financing sources. Specifically, the funds will be used to finance or refinance eligible green projects as defined in the Group's Regulatory Reference Framework for Green Financing, including the financing of the construction of photovoltaic plants, with a total installed capacity of 750 MW per year over the next few years. 5 years, reinforcing the corporate expansion of the Audax Group in the generation of renewable energy.

With this international operation, Audax Renovables expands the base of prestigious international investors, will increase the company's free float to 30% levels and improve the liquidity of the security, taking a very significant step to consolidate its position in the market.

The operation has been led in a coordinated manner by Goldman Sachs International and BNP Paribas and has included more than 50 international investors who have highly valued that Audax Renovables has already managed to achieve most of the objectives presented in May 2019 in the Capital Market Day, and which were scheduled to be reached at the end of 2022.