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Question Solaris decides to proceed with a global digital investor roadshow for a 9-year USD100 million green bond. Explain why this debt instrument may be
Question Solaris decides to proceed with a global digital investor roadshow for a 9-year USD100 million green bond. Explain why this debt instrument may be a good funding option for Solaris and discuss the growth drivers for this field of finance ?
2020 2019 50.7 25.2 25.5 Solaris Plc Income Statement at 31 March (EUR millions) Sales Cost of sales Gross profit Operating expenses Depreciation Operating profit Interest expenses Profit before tax Taxation Net Income A 0.4 21.8 4.8 17.0 33.9 15.0 18.9 2.7 0.4 15.8 25 13.3 2.4 14.6 2.7 B 2020 2019 2020 2019 Solaris Plc Statement of financial position at 31 March (EUR millions) 14.4 6.0 6.0 6.0 294.0 Cash and short-term investments Accounts receivable Inventories Other current assets Total current assets Land Plant and machinery Total non-current assets Total assets 0.3 21.9 0.3 Trade payables and other current 16.8 liabilities 36 Total current liabilities 1.2 Non-current borrowings and bonds 03 Total non-current liabilities 21.9 Total liabilities D Share capital 413.7 Retained earnings 414.0 Total equity 435.9 Total liabilities and equity 11.1 11.1 609.0 609.0 620.1 120.0 21.0 294.0 300.0 120.0 E 738.9 739.2 761.1 141.0 761.1 135.9 435.9Step by Step Solution
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