Drax Finco Plc, based in the United Kingdom, is a pivotal player in the renewable energy sector, focusing on the generation of biomass-based electricity. The company is a key subsidiary of Drax Group, known for its commitment to sustainability and reducing carbon emissions through innovative energy solutions.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| DRXLN 2.63% 2025-11-01 EURDrax Finco Plc | United Kingdom | 2025-11-01 | 2.625 | 4.03 |
| DRXLN 5.88% 2029-04-15 EURDrax Finco Plc | United Kingdom | 2029-04-15 | 5.875 | 4.91 |
| DRXLN 6.63% 2025-11-01 USDDrax Finco Plc | United Kingdom | 2025-11-01 | 6.625 | — |
| DRXLN 6.63% 2025-11-01 USDDrax Finco Plc | United Kingdom | 2025-11-01 | 6.625 | — |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since beginning bond issuances in 2016, Drax Finco has strategically raised capital to fund its biomass conversion projects and sustain its operational growth. Notable bond offerings include the £550 million bond issued in 2020, aimed at refinancing existing debt and investing in renewable technologies. Recent yields on Drax's bonds are competitive within the market, reflecting investor confidence in the company’s vision and operations, despite broader industry fluctuations. In 2023, Drax announced the refinancing of its 2025 bonds, enhancing its financial structure while maintaining a focus on sustainability-driven initiatives.