- Press Releases
January 26 (Renewables Now) - Swiss renewable power producer and energy trader Axpo Holding AG said on Tuesday it has successfully placed a CHF-500-million (USD 548m/EUR 483m) sustainability-linked bond on the market.
The bond was issued on January 25 in two tranches – Tranche A of CHF 200 million with a three-year maturity and an interest rate of 0.25%, and Tranche B of CHF 300 million with a five-year maturity and an interest rate of 0.625%.
This is Axpo’s first sustainability-linked bond and it follows the issuance of its first green bond in July 2020. The company intends to use the proceeds for general corporate purposes.
“This bond, which is linked to a sustainability target, underlines our commitment to sustainability in very general terms, but also where the financing of the company is concerned. With this transaction on the Swiss capital market, we are increasing the diversification of our financial instruments as part of our active capital management and increasing our financial scope,” CFO Joris Groeflin stated.
(CHF 1.0 = USD 1.097/EUR 0.966)