Arkema successfully placed today a new €500 million green bond with an 8-year maturity and an annual coupon of 3.50%.
This issuance builds on the green bond launched 5 years ago to finance its 100% bio-based Rilsan® polyamide 11 plant in Singapore. It enables the Group to further align its financing strategy with its sustainability commitments, particularly regarding the climate and the development of sustainable and innovative solutions.
The net proceeds of this bond will be allocated to the financing or the refinancing of structural programs that support sustainable development and the ramp-up of the major investments launched by the Group, most of which are aligned with the EU taxonomy.
The Green Financing Framework, under which this issuance is carried out, is structured around six categories of eligible green projects: renewable energy, energy efficiency, eco-efficient and/or circular economy adapted products, production technologies and processes, green buildings, sustainable water management and water treatment, as well as climate adaptation. This framework was assessed by Moody’s and received an SQS2 “Very Good” Sustainability Quality Score, reflecting a high level of sustainability performance.
The documentation related to this bond issuance is available on the Arkema website.