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Hapag-Lloyd AG has efficiently positioned available on the market its first sustainability-linked company senior observe with a quantity of EUR 300 million. The senior observe has a coupon of two.5% and a maturity of seven years. The emission worth was 100%. The proceeds of this new observe issuance will probably be used to redeem early and in full the present 5.125% EUR bond (ISIN XS1645113322 and ISIN XS1645114056) within the quantity of EUR 300 million and maturing in 2024. The prevailing observe is anticipated to be redeemed on 7 April 2021 on the fastened worth of 102.563%.
“With the profitable placement of our sustainability-linked observe, we now have reached one other milestone in our inexperienced financing actions. On the identical time, we’re very happy with the demand and the boldness of our traders. Now we have to hold our personal formidable sustainability targets for CO2 depth firmly in sight and obtain them step-by-step,” says Mark Frese, Chief Monetary Officer of Hapag-Lloyd AG.
The sustainability-linked senior observe is related to a clearly outlined sustainability goal: By 2030, the CO2 depth of Hapag-Lloyd’s personal fleet is to be decreased by 60% in contrast with 2008, the reference yr of the Worldwide Maritime Group (IMO). Enhancements within the CO2 depth will probably be measured and yearly disclosed in response to the so-called Common Effectivity Ratio (AER) indicator, which was 11.68 in 2008 and is anticipated to fall to 4.67 by 2030.
Supply: Hapag-Lloyd
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