Volkswagen Financial Services N.V. (VW) issued two green bonds (CHF 300 million 2.2075% due 2027 and CHF 300 million 2.4925% due 2030) under the lead management of BNP Paribas (Suisse) SA, Commerzbank and Deutsche Bank. This issuance is said to be the largest CHF bond issuance by a foreign corporate issuer since 2021. The net proceeds are to be used to finance and/or refinance eligible “green projects” in connection with vehicles with zero exhaust emissions within the meaning of the “Green Finance Framework” (GFF) of the Volkswagen Financial Services AG Group dated August 2023.
CHF 600 million Green Bonds Issued by Volkswagen Financial Services N.V.
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ByCapLaw
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