Invl Renewable Energy Fund I will publicly offer EUR 8 million of bonds via Refi Energy | 03.02.25
4 mins read

Invl Renewable Energy Fund I will publicly offer EUR 8 million of bonds via Refi Energy | 03.02.25

Invl Renewable Energy Fund, which I handled by Invl Asset Management, the leading alternative asset manager in the Baltics, will start the public offer of a euro bond problem on February 4 through Refi Energy, a company it owns. The bonds will be offered private and institutional investors in the Baltic countries. Revenue will go to refinancing previously issued bonds.

The bond problem has a maturity of 2.5 years. The fixed interest rate on the promissory note will be determined in the range 7.5% to 8.5% and announced at the completion of the offer. Interest will be paid quarterly to investors. Invl Renewable Energy Fund I will provide guarantees to all holders of the bonds.

“The fund continues to actively develop projects for renewable energy – the construction of solar power plants – in Romania and Poland. A successful offer of the new bonds will enable us not only to implement the planned projects but also to reduce debt costs by refinancing bonds As issued in 2023, says Liudas Liutkevicius, executive partner for Invl Renewable Energy Fund I.

The company’s bonds owned by Invl Renewable Energy Fund will be offered investors from February 4 to 13.00 on 17 February. The manager and distributor of the public bond offer is Šiauliu Banked. The certified counselor for the issuer is the law firm TGS Baltic, while the bond manager is the company Audifina. Within three months after the offer is completed, the debt safety will be listed on First North Alternative Securities Market run by Nasdaq Vilnius.

More information about the bond issue and the offer process is available at www.invlrenewable.com In the section for investors’ relationships

An online webinar for investors and question-and-response session will be held on February 10 at. 10.00. The link to the presentation is here. The presentation will be held in English.

The Fund’s company Refi Energy collected EUR 3.5 million from investors at the end of June 2023 in a private placement of 2-year 9.5% fixed interest rates. In September of the same year, the company entered the public bond market and collected EUR 4.5 million in a public offer of bonds with the same maturity. These bonds, which are only offered in Lithuania, have a tax return of 10%. Both issues were carried out under the general terms and conditions for EUR 8 million by Refi -Energi bonds.

Invl Renewable Energy Fund in focus on the Polish and Romanian markets, where the fund’s managers see great growth potential. The total capacity for the fund’s portfolio of projects under development in these markets is 388 MW.

In Romania, the fund invests in projects for 8 solar systems with a combined capacity of 356 MW. In Poland it develops Solar Park projects with over 32 MW capacity. Investments in the projects in Romania and Poland are expected to exceed EUR 258 ​​million. The construction of all solar parks in these countries should be completed by the end of the first quarter of 2027.

So far, Invl Renewable Energy Fund has collected EUR 73.9 million from investors through investment units and bonds.

About it Invl Renewable Energy Fund in?

Invl Renewable Energy Fund, which I was established on July 20, 2021, by Invl Asset Management, the leading alternative asset manager in the Baltic states, as a subsequent for informed investors. It invests in early and middle of the Renewable Energy Stage (SoL), including the construction of new power plants, development and/or acquisition of the infrastructure required for operation of power plants and efficient management of existing power plants in the European Union and Member States in the European Economic field .

Invl Asset Management is part of the elected invalid, the leading Baltic asset management group.

More information:
Liudas Liutkevicius
Executive partner for invl renewable energy fund in
[email protected]