Statkraft AS exercises issuer call for EUR 500 million green bond due December 2026

What happened

Statkraft AS said it will use its issuer call option to repay all of its EUR 500 million 3.125 per cent green notes due 13 December 2026 early, on 13 November 2026, at 100 per cent of their calculation amount plus accrued interest, and will seek delisting from Euronext Dublin.

Confirmed

Global impact / market context

Paying the bond early removes a scheduled interest cost and lets Statkraft replace the debt with new borrowing, which matters for its capital spending on renewable projects and for investors holding the notes, who get cash back sooner than December 2026.

Analyst inference

Issuers often call bonds when refinancing is cheaper than the existing coupon, so this repayment sits alongside other corporate debt decisions that shape borrowing costs and the supply of green bonds available to investors in the market.

Analyst inference

What to watch

1. Statkraft will redeem the notes on 13 November 2026 and will apply to delist them from Euronext Dublin, which means holders should plan for repayment rather than an ongoing listed holding. Confirmed
2. Watch whether Statkraft issues new debt to replace the called bond, since the amount, pricing and green label of any replacement would show how it funds its capital spending. Proposed
3. Holders face reinvestment risk, which means the cash returned may earn a lower interest rate if new bonds pay less than the 3.125 per cent coupon on the notes. Analyst inference

Evidence

• globenewswire.com