Triodos has successfully issued a EUR 250 million Green subordinated Tier 2 Bond. This first Green Bond issued by Triodos has a maturity of 10.25 years and a coupon of 2.25%. The bond provides Triodos with an additional source of capital and the proceeds will be used to fund lending in renewable energy, environmentally sustainable management of living natural resources & land use and green buildings.
The subordinated Tier 2 Green Bond is issued under Triodos’ Green Bond Framework.As such, it is aligned with the ICMA Green Bond Principles and the best practices identified by Vigeo Eiris who provided the Second Party Opinion.
Andre Haag, Group CFO of Triodos Bank N.V.: “With the successful launch of the Green Bond we are further strengthening our capital base, which will allow us to play a leading role in promoting and driving the transition to a low carbon and climate resilient economy.”
Frans Beltman, Group Treasurer of Triodos Bank N.V. “It’s great to see a shift in the global investor’s community, clearly focusing on sustainability. The Green Bond allows us to diversify our capital base and to fund values-led initiatives that shape the change we envisage.”
The global coordinator for this transaction is ING, the joint bookrunners are BNP Paribas, ING and Rabobank. The subordinated Tier 2 green bond will be listed on Euronext Amsterdam.