Clariant announces the launch of its first green bond
In Switzerland, Clariant said it has successfully priced its first green bond.
The company noted that the CHF 175 million ($170.9 million) green bond has a coupon of 2.717 % and a 2027 maturity date.
“The green bond issuance under our Green Financing Framework exactly fits our focus on sustainability as part of our purpose-led growth strategy. We view this green financing option as a key contribution to sustainability across the Group, allowing sustainability driven bond investors to participate in the sustainability leadership of our company. Its Swiss franc denomination also underlines our commitment to the Swiss market and fits perfectly in our maturity profile,” said Bill Collins, CFO of Clariant.
The Swiss firm said that the proceeds of this green bond will be allocated to capital expenditures, acquisitions, joint ventures and research and development within a number of categories including circular economy adopted products, production technologies and processes and/or certified eco-efficient products, renewable energy and energy efficiency, pollution prevention and control.
Category: Fuels
