Evonik Industries AG has successfully issued a green bond with a volume of EUR 500 million to cover its financing needs in 2025, including a conventional bond due in September 2025 in the same volume. The green senior unsecured bond is the third green bond that Evonik has issued in a row and underlines the continued integral role of sustainability within its financing strategy. The corresponding Green Finance Framework is based on the ICMA Green Bond Principles, was last updated in 2023 and reviewed by a second party opinion from ISS in 2023.
“With today’s successful issue, we have already secured our financing for 2025 at the beginning of the year and are continuing to support our green transformation,” said Maike Schuh, CFO of Evonik.
The majority of the green bond proceeds will be used to further expand our portfolio of Next Generation Solutions and Next Generation Technologies. These include, among other things, investments in lipids for mRNA-based medicine, membranes for efficient gas separation or aluminum oxides as battery materials for e-mobility, as well as the development of climate-neutral alkoxide production in Singapore.
The green bond was significantly oversubscribed and attracted great interest from a broad investor base, including institutional investors with a strong focus on sustainability. The coupon is 3.25% pa with a term of 5 years. The bond is rated in accordance with the ratings of Evonik Industries AG, which are Baa2 (outlook stable) by Moody’s and BBB+ (outlook stable) by S&P.
The offering was arranged by JP Morgan as global coordinator and Citibank, Helaba, HSBC, JP Morgan and Société Générale as joint bookrunners.
www.green-bonds.com – The Green Bond platform.
Photo: Maike Schuh, CFO © Evonik