Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
In December 2017, Borkum Riffgrund 2 Investor Holding GmbH closed an €815 million senior notes transaction, structured as amortising holdco debt maturing in 2028, to fund construction and operation of the approximately 465 MW Borkum Riffgrund 2 offshore wind farm and to partially refinance construction funding. The notes, carrying a fixed 2.65% coupon and rated A- by Scope Ratings, form a key part of the project’s long-term financing structure.