Tag: Green Bond

Pinsent Masons advises IFC on landmark investment in Mongolia’s first ever green bond issuance

Stuart Mitchell

Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC) on its investment in Mongolia’s first ever green bond issuance. The firm advised on IFC’s investment, alongside Dutch entrepreneurial development bank, FMO, and US-based microfinance investor, MicroVest Capital Management, in Khan Bank’s US$60 million issuance of five-year green bonds.     Khan Bank, Mongolia’s largest commercial financial institution, will use funds raised by the issuance to grow its climate portfolio by funding projects that support renewable energy, energy efficiency, climate-smart agriculture, and sustainable building and mobility. IFC’s investment supports Mongolia’s…

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Landsec announces New Green Bond

Stuart Mitchell

Following the publication of Landsec’s updated Green Financing Framework, its wholly-owned subsidiary, Land Securities Capital Markets PLC, announces the launch and pricing of its inaugural £400m Green Bond with a maturity of 9.5 years, paying a coupon of 4.875%, subject to final legal documentation. The transaction further enhances Landsec’s financial capacity and flexibility, building on an already strong position. Coupled with a pipeline of central London and mixed use development opportunities that offer excellent optionality, the transaction leaves Landsec extremely well placed to continue delivering against its strategy in the…

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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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