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Dutch Green Business Group N.V. (“DGB” or “the Group”) (Euronext: DGB: NL0009169515), a leading carbon project developer and ecosystem restoration company, announces the launch of a new €2.0 million capital raise via a placement of a green bonds.
Investors will receive a return of 8% per annum and have the bonds has a maturity of 4 years. The interest is paid quarterly in arrears.
DGB is a project developer of high-quality large- scale carbon and biodiversity projects accredited by third parties. Proceeds from this green impact bond will be invested in the Group’s project pipeline. DGB recently announced that four of its projects entered the development phase:
The expected total development costs by DGB over the next 3 years are EUR 7.4 million for the projects in Kenya and €5.6 million for both projects in Cameroon.
Global megatrends drive the demand for carbon credits and underpin the growth opportunities. The current index price for a Nature Based Carbon Offset Credit in the voluntary carbon markets is $11,14.
DGB finances its projects through:
At the start of the bonds, already € 450.000 is subscribed for. The Board of Directors is delighted with these indications of support for this green bond raise as it reflects the shared confidence that investors have in the business.
Investors can participate in the Convertible Green Impact Bonds via https://www.dgb.earth/investing-green-business
DGB GROUP NV
Dutch Green Business Group N.V. is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. DGB’s strategy is to participate in large forest carbon offset projects around the world that deliver commercial and environmental benefits. DGB’s vision is to be a leading high-impact investor in sustainably managed forests by providing competitive real investment returns for shareholders combined with high social impact. www.dgb.earth
This press release does not contain (an invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DutchGreen and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including with regard to the financial position of DutchGreen, the results it achieved and the business (ies) it runs. Forward-looking statements are all statements that do not relate to historical fact. These statements are based on information currently available and on forecasts and estimates made by DutchGreen’s management. Although DutchGreen believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to, or contribute to, differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DutchGreen are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation to do so, DutchGreen assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise.
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