Tag: Green Bond

Northern Gas Networks launches green bond

Stuart Mitchell

Northern Gas Networks (NGN) has launched a green transition bond, giving the public the opportunity to invest in a hydrogen-ready network for the first time. NGN has teamed up with Abundance, the UK’s leading ethical investment crowdfunding platform, to launch the bond which will help fund the upgrade of pipes to prepare the gas distribution network to transport hydrogen. It’s the first time a regulated energy distributor has offered a green transition bond exclusively for members of the public, allowing everyone to participate in the transition to net zero emissions. The…

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

Stuart Mitchell

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

Stuart Mitchell

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

Stuart Mitchell

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

Stuart Mitchell

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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