Triodos Bank successfully sets the price for EUR 300 million of Green Senior Preferred Bonds
Triodos Bank, a leading sustainable bank, has successfully issued EUR 300 million of Green Senior Preferred Notes. BNP Paribas acted as the Global Coordinator and sole arranger for the issuance, with ABN AMRO Bank, BNP Paribas, LBBW, and Rabobank serving as Joint Lead Managers.
The proceeds from this issuance will be used to (re)finance eligible green loans, making it a Green Bonds issue as per Triodos Bank's Green Bond Framework dated 7 October 2021. This is the second issuance under Triodos Bank's EUR 2.5 billion Debt Issuance Programme.
The Green Senior Preferred Notes, with a 5-year maturity, have attracted significant interest from more than 100 national and international institutional investors. The transaction was more than 3 times oversubscribed, reflecting the growing demand for sustainable investments.
The Notes, which have an embedded issuer call option after 4 years, are expected to have a Fitch rating of BBB. They will be listed on Euronext Amsterdam and are targeted at MiFID II professionals and Eligible Counterparties only.
The issuance is part of Triodos Bank's funding strategy to achieve its Minimum Requirement for own funds and Eligible Liabilities. It will also help the bank to expand its investor base and further diversify its funding sources.
Settlement for the Green Senior Preferred Notes will take place on 3 September 2025, and the fixed coupon of the Notes is 3.875%. The base prospectus for the programme is available at: https://www.triodos.com/en/investor-relations/debt-investors
This issuance marks another step forward in Triodos Bank's commitment to sustainable finance and its mission to make money work for positive change.
