By Marisa Wong
Morgantown, W.Va., Nov. 22 – Bazalgette Finance plc (Tideway) launched its inaugural green bond, a £250 million 10-year bond with a coupon of 2.375%, according to a London Stock Exchange notice.
Following publication of Bazalgette’s green bond framework, S&P published its green evaluation of Bazalgette’s funding platform, which applies to all bond series under the program. S&P assigned an overall evaluation score of 95 out of 100, their joint highest global score to date, the notice said.
The financial services company is based in London.
| Issuer: | Bazalgette Finance plc
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| Issue: | Green bond
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| Amount: | £250 million
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| Maturity: | November 2027
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| Coupon: | 2.375%
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| Announcement date: | Nov. 22
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