SUSTAINABILITY BOOST: UNICREDIT SECURES GREEN FINANCING FOR CLIENTS
Thursday 14 May 2020
UniCredit Corporate and Investment Banking (CIB) has supported three corporate clients with green bond issues. The transactions confirm UniCredit's green financing and capital market expertise, pushing the bank to #3 in the EUR Corporate Green Bonds EMEA 2020 League Table
Although the market remains volatile, UniCredit has played a key role in three successful green bond issues, a clear testimony of the growing relevance of green financing for both issuers and investors.
UniCredit was joint bookrunner in all three key green bond transactions last week:
CPI Property Group (“CPIPG”) owns income-generating real estate in Germany, the Czech Republic, and other parts of the CEE region. CPIPG issued its third Green Eurobond to continue its successful capital markets journey. Net proceeds of the €750 million six-year bond will be used to fund eligible green projects.
Eurogrid GmbH is a German utility services company. It’s 12-year €750 million note is Eurogrid’s first green bond with and the proceeds will be mainly used for offshore wind farm projects in the Baltic Sea.
Swisscom AG, a leading Swiss telecoms provider, has issued its first green bond. The proceeds from the eight-year €500 million bond will be mainly allocated to energy efficiency projects focused on reducing network energy demand, installing fiber to homes and switching to 5G standards.
As a result of this great team effort, UniCredit currently ranks #3 in the EUR Corporate Green Bonds EMEA 2020 League Table (2020 YTD, according to Dealogic as of 8 May 2020).