Tag: Green Bond

Coca-Cola HBC raises €500m for sustainable projects in inaugural Green Bond issue

Stuart Mitchell

Coca-Cola HBC Finance B.V. has successfully issued its first green bond driven by strong investor demand, raising €500m in support of its ambitious sustainability projects. The net proceeds of the Green Bond will be allocated toward projects that meet the eligibility criteria outlined in the Group’s Green Finance Framework. They will accelerate progress of the company’s NetZeroby40 and Mission 2025 commitments, including: circularity, energy efficiency, water stewardship, biodiversity and community programmes, innovation in sustainable packaging, and support of sustainable agriculture and procurement. This latest step is further evidence of Coca-Cola…

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PepsiCo Issues New $1.25 Billion 10-Year Green Bond As Company Accelerates pep+ Transformation

Stuart Mitchell

PepsiCo has announced the closing of a new $1.25 billion 10-year Green Bond.  The Company will use an amount equivalent to the net proceeds from the offering to fund Eligible Green Projects which will focus on its pep+ (PepsiCo Positive) agenda – the Company’s strategic, end-to-end transformation that places sustainability and human capital at the center of how it will create growth and value.  Investments under PepsiCo’s new Green Bond will focus on investments to deliver key environmental sustainability initiatives under two pillars of its pep+ agenda: Positive Agriculture and Positive…

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Volvo Cars raises EUR 500m for electrification through new green bond

Stuart Mitchell

Volvo Cars has successfully placed its second green bond to raise EUR 500m from a diverse set of global investors. The bond was oversubscribed three-times, despite challenging global market conditions. All proceeds are earmarked for funding and accelerating the company’s transformation towards becoming a fully electric carmaker by 2030 and becoming climate neutral and circular by 2040. Over two thirds of the proceeds will fund the research and development of electric powertrains for next generation pure electric Volvo cars as well as related new platform technology, while the rest will…

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RWE successfully issues €1.35 billion green bond

Stuart Mitchell

RWE has successfully issued a further green bond with a total volume of €1.35 billion. The bond was issued in two tranches of €0.75 billion with seven-year tenor and €0.6 billion with twelve-year tenor respectively. For the first tranche, the yield-to-maturity amounts to 0.528%, based on a coupon of 0.5% p.a. and an issuance price of 99.808%.  For the second tranche, the yield-to-maturity amounts to 1.077 %, based on a coupon of 1.0% p.a. and an issuance price of 99.138%. The issuance met with keen interest from investors. In June…

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European Commission successfully issues first green bond to finance the sustainable recovery

Stuart Mitchell

The European Commission has issued the first NextGenerationEU green bond, thus raising €12 billion to be used exclusively for green and sustainable investments across the EU. This represents the world’s largest green bond issuance ever. With NextGenerationEU green bonds, the EU is set to become the world’s largest green bond issuer by far, providing a significant boost to sustainable finance markets as well as funding a greener EU recovery from the pandemic. With the strong oversubscription rate and excellent pricing conditions today’s issuance represents a promising start to the NextGenerationEU…

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