DeZwarteRidder schreef op 6 februari 2023 14:18:
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22 Mar, 2022 | 3 min read
DGB Group raises EUR €750,000 in convertible bonds
Press release
Dutch Green Business Group N.V. (“DGB”, “DutchGreen” or “the Group”) (Euronext: DGB), a leader in carbon offsetting and ecosystem restoration company, has raised over €750,000 with the issue of convertible green bonds.
Investors in this green impact bond receive a return of 6% per annum with a maturity of 4 years and the notes contain a mandatory conversion into DGB equity shares on 30 September 2025 at a price of €2.00. The closing price of DGB on March 21nd, 2022 (yesterday) was €0,935.
Because of the mandatory conversion into DGB shares this instrument will classify as equity, except for the interest payments. This strengthens the solvability of the group.
Proceeds from this green impact bond will primarily be used to finance further expansion of DGB’s project pipeline of large-scale carbon projects. This is necessary because of the strong growth in the voluntary carbon markets and the related demand for carbon credits.