EUROFIMA displays benchmark green bond on LGX

en

The Luxembourg Stock Exchange (LuxSE) and EUROFIMA today announced the admittance of EUROFIMA’s new 10-year, EUR 750 million green bond for trading and listing on LuxSE’s regulated market and subsequent display on the Luxembourg Green Exchange (LGX).

<< Back
25/05/2020 |
  • Julie Becker (002)

The new bond issuance is EUROFIMA’s third green bond, and its second biggest green bond to date. The bond was significantly oversubscribed by investors eager to tap into a green bond market that saw a significant decrease in supply in the first quarter of 2020. The proceeds of the bond will be used to provide lending to European railway companies, and is earmarked for investment in electric passenger transport.

Towards a low-carbon future

“We are proud to count EUROFIMA among our sustainable issuers and we support EUROFIMA in its efforts to further develop environmentally-friendly railway transportation in Europe. The economic recovery from the Covid-19 pandemic must be green, and as we bring our societies and economies back to life, we should all focus on sustainable renovation,” said Julie Becker, Deputy CEO of LuxSE and Founder of LGX.

LuxSE has long been the leading listing venue for securities issued by sovereigns, supranational and agencies. After establishing LGX in 2016, a platform exclusively dedicated to sustainable securities, LuxSE has emerged as the preferred listing venue for the thematic bonds issued by leading institutions and multilateral development banks active in sustainable development worldwide.

Connecting Europe

EUROFIMA is one of Europe’s longest standing supranational organisations and specialises in the financing of rolling stock, such as locomotives, wagons and other railway vehicles. EUROFIMA supports the sustainable development of railway transportation across Europe, by providing loans to help railway bodies modernise their rolling stock. So far, the supranational entity has provided more than 3,000 loans.

“This benchmark green bond marks an important step forward for EUROFIMA and the future of European railways. By securing funding for electric passenger transport through our lending model, we are not only contributing to creating a greener world, but also helping our members constantly modernise and improve the travel experience they offer to millions of customers,” said Harry Müller, Chief Operating Officer of EUROFIMA.

The non-profit supranational is based in Basel, Switzerland and was established in 1956 as part of an international treaty. Today, EUROFIMA counts 25 member states and their respective public railway companies, including Deutsche Bahn, SNCF, FS and the Luxembourg National Railways, CFL.

Uptick in social

The COVID-19 pandemic has led to an increase in social bond issuance addressing the devastating social and economic consequences of the global virus outbreak. In the first four months of 2020, LGX displayed 78 new instruments worth a total of EUR 50.7 billion, and only 23% of these sustainable debt instruments were green bonds. The remaining securities were social and sustainability bonds. EUROFIMA’s benchmark green bond is one of several recent green bond issuances that may indicate that last year’s growth in new green bond issuance could continue in 2020.  

Back to top  | << Back

Communiqués liés

Advanzia

Advanzia Bank brings Apple Pay to customers in Germany

A safer, more secure and private way to pay with iPhone and Apple Watch.

Advanzia Bank S.A
Payconiq Guido Vermeent (002)
07/07/2020 Personnalités

Guido Vermeent nommé CEO de Payconiq International

La nouvelle équipe de direction se concentrera sur une croissance durable et ch...

Payconiq
Fit4Resiliencepicture(002)
06/07/2020

Fit 4 Resilience : Un programme pour aider les entreprises ...

Dans le cadre de la stratégie de relance économique post-Covid-19 "Neistart L...

PwC
Alipa
03/07/2020

Les sociétés du Groupe ALIPA certifiées ISO 27001, gage d...

Afin de poursuivre son engagement stratégique en matière de cybersécurité, A...

ALIPA Group
Jakob Stott - Group CEO, Quintet Private Bank
03/07/2020

Quintet présente « Quintet Europe »

Le Groupe de banques privées annonce son intention de fusionner la majorité de...

Quintet
Ministere Agriculture-Live Streaming Page(002)
02/07/2020

Le Ministère de l’Agriculture sélectionne le Live Stream...

BCE a été sélectionné pour réaliser le live streaming du webinar « 20% Bi...

BCE

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more