Barclays raises £400m through second ‘Green Bond’ issue

Barclays has announced that it successfully closed a £400m ‘Green Bond’ issue (the 2020 Green Bond) on 27 October – the second bond it has issued with a specific intention to support climate-related products and initiatives. The 2020 Green Bond, which matures in 2026, attracted strong institutional investor interest with orders amounting to more than £2bn (an oversubscription of five times). It will offer a yield of 1.70%. The funds raised will be allocated towards the financing and/or re-financing of mortgages on energy efficient residential properties* in England and Wales…

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Daimler issues first green bond with a volume of €1 billion

With its first green bond Daimler AG is steadily advancing towards CO2-neutral technologies and services. The benchmark Eurobond issued by Daimler AG with a volume of €1 billion, a term of 10 years and an annual coupon of 0.75% was more than 4-times oversubscribed and driven by a high-quality orderbook. The issuance was arranged by BBVA, BNP Paribas, Commerzbank, Crédit Agricole, SEB and Unicredit. Harald Wilhelm, Member of the Board of Management of Daimler AG, responsible for Finance & Controlling/Daimler Mobility, and of Mercedes-Benz AG, responsible for Finance & Controlling:…

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PepsiCo Provides Update on US$1 Billion Green Bond

PepsiCo, Inc. has released its 2020 Green Bond Report which provides an update on the allocation of the use of net proceeds from its first ever Green Bond, issued in October 2019 for $1 billion. As disclosed at issuance, the Green Bond’s net proceeds are to be allocated to investments where PepsiCo believes it can make a lasting impact on priorities within its sustainability agenda, including packaging, decarbonization and water, while advancing several of the UN’s Sustainable Development Goals. PepsiCo was one of the first corporations in the food and…

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Xylem Closes $1 Billion Inaugural Green Bond

Xylem Inc. has announced the successful closing of its inaugural green bond offering of $1 billion in senior unsecured notes. The offering, which received strong support in the market, consisted of $500 million of 1.950% senior notes due in January 2028 and $500 million of 2.250% senior notes due in January 2031. The proceeds will fund green projects that help improve water accessibility, water affordability, and water systems resilience, in alignment with Xylem’s Green Finance Framework. “Solving the world’s toughest water challenges already puts sustainability at the heart of our business,…

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Scotiabank Boosting Sustainability Commitment with Closing of Inaugural Green Bond Offering

The Bank of Nova Scotia has announced the closing of its inaugural USD 500 million 3.5-year Green Bond offering (the Green Bonds), boosting its commitment to Sustainable Business and creating a better future for all. The net proceeds from the Green Bond offering will be used to fund the financing or refinancing, in whole or in part, of eligible green assets, which refer to new or existing assets, businesses or projects that meet the Scotiabank Green Bond Framework Eligibility Criteria, including renewable energy, clean transportation and green buildings. Other areas…

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