Published on 3/25/2021 in the Prospect News Green Finance Daily.
New Issue: Verbund sells oversubscribed €500 million of 0.9% green bonds due 2041
By Devika Patel
Knoxville, Tenn., March 25 – Verbund AG sold €500 million of 0.9% 20-year green and sustainability-linked notes in an oversubscribed offering, according to a press release.
Morgan Stanley Europe SE, BofA Securities Europe SA, Erste Group Bank AG, J.P. Morgan AG and Societe Generale were the managers.
Verbund is a Vienna-based electricity company.
| Issuer: | Verbund AG
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| Issue: | Green and sustainability-linked notes
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| Amout: | €500 million
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| Bookrunners: | Morgan Stanley Europe SE, BofA Securities Europe SA, Erste Group Bank AG, J.P. Morgan AG and Societe Generale
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| Maturity: | 20 years
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| Coupon: | 0.9%
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| Announcement date: | March 25
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