Tag Archives: CapLaw-2022-09
Axpo Sustaiability Linked Bonds Issuance
On 25 January 2022, Axpo Holding AG announced the successful placement of the first sustainability-linked bond placed by a Swiss utility provider. Tranche A in the amount of CHF 200 million is due in 2025 and provides for an interest rate of 0.25 per cent. Tranche B in the amount of CHF 300 million is due in 2027 and provides for an interest rate of 0.625 per cent. The financing costs are linked to the achievement of targets, relating to the further expansion of the capacity of renewable energies.