Schiphol issues EUR 750 million of green bonds with a tenor of 9 years
Yesterday, Royal Schiphol Group N.V. launched and priced EUR 750 million of green bonds under its European Medium Term Note programme. The senior unsecured bonds are due on 6 April 2029 and carry an annual coupon 2,0%.
This green bond offering will support Royal Schiphol Group's investments in green buildings and clean transportation at Amsterdam Airport Schiphol and other airports operated in the Netherlands. The proceeds of the offering will be allocated to a portfolio of Eligible Projects (as defined in Royal Schiphol Group's Green Finance Framework). The proceeds further strengthen our liquidity position in these exceptional circumstances.
This green bond reflects Schiphol's Vision 2050 to create the world's most sustainable, high quality airports and underpins the actions in our Roadmap 'Most sustainable airports'.
The final order book amounted to around EUR 3.8 billion. The bonds will be listed on Euronext Amsterdam. ABN Amro, BNP Paribas, ING and Rabobank acted as joint book runners on the transaction.