TenneT successfully issues EUR 1 bn Green Bond
TenneT Holding B.V. (rated A3/A-) today successfully launched and priced its second Green Bond issue, a EUR1bn dual tranche (10 and 20 year) bond issue, each sized at EUR 500m with coupons of 1.000% and 1.875% respectively with the support of five banks, Barclays Bank plc, BNP Paribas, Deutsche Bank AG, ABN AMRO Bank N.V. and SMBC Nikko Capital Markets Limited. Otto Jager, TenneT’s Chief Financial Officer, said: “This second consecutive Green Bond issue demonstrates that the green project portfolio approach works very well. By adding one further offshore German wind transmission project to the programme provides us the possibility to continue the issuance of Green Bonds. This underpins TenneT’s ambition to be the best performing TSO in Northwest Europe in terms of Corporate Social Responsibility.” ….