Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
As part of Tender Round 1 of the UK OFTO regime, the Greater Gabbard OFTO achieved a landmark bond financing, launching the first OFTO bond. The transaction attracted bids in excess of £800 million for a bond sized at £305 million, demonstrating strong capital markets appetite and providing the regulated debt financing underpinning the acquisition and operation of the Greater Gabbard offshore transmission assets.