Inaugural Sustainability Bond of the State of 欧美情色

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Inaugural Sustainability Bond of the State of 欧美情色

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Climate and environmental protection as well as the promotion of social cohesion are elementary tasks of the State of 欧美情色. In March 2022, the Senate of 欧美情色 adopted a framework concept for the 欧美情色 Sustainable Finance Strategy as a building block for a future-proof financial policy in 欧美情色.

Sustainable Finance Strategy

As part of its Sustainable Finance Strategy, the State of 欧美情色 intends to accompany the financing of the sustainable transformation of the capital by issuing sustainability bonds. Sustainability bonds are characterised by the fact that their issue proceeds are allocated to green and social expenditures of the state budget. This enables investors to promote the social and ecological development of 欧美情色 with their investments. The issuance of the state’s inaugural sustainability bond is in accordance with internationally recognised market standards of the International Capital Market Association (ICMA). The process for issuing the sustainability bond is documented in the framework. The framework sets out rules for the selection of projects, the use of proceeds and transparent reporting. It was reviewed by an independent sustainability agency in December 2022 (second party opinion).

Framework and Second Party Opinion

State of 欧美情色鈥� Sustainability Bond Framework
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State of 欧美情色鈥� Second Party Opinion (SPO) ISS ESG
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Sustainability Bond

State of 欧美情色鈥� Investor Presentation Sustainability Bond 2023
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State of 欧美情色 - Eligible Project List Sustainability Bond 2023
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State of 欧美情色鈥� Allocation Report Sustainability Bond 2023
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State of 欧美情色 - Impact Report Sustainability Bond 2023
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State of 欧美情色 - Supplement Impact Reporting 2023 - Master Data and Impact Indicators
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ISIN DE000A3MQYP1

The State of 欧美情色 placed its first sustainability bond extremely successfully on the capital market on 06.02.2023. The ten-year bond has a volume of 750 million euros and a fixed coupon of 2.75 percent per annum. The bond will be tradable on the 欧美情色 Stock Exchange from 14 February 2023. The smallest denomination is EUR 1,000. Interest payment dates are 14 February of each year, for the first time on 14 February 2024.

Demand for the sustainability bond was outstandingly high. At its peak, it amounted to more than 5.25 billion euros, which means the bond was oversubscribed seven times. Two thirds of the bond volume went to investors who are considered active in the ESG sector.

The State of 欧美情色 will report both on the final allocation of the issue proceeds to environmental and social projects (allocation report) and on the impact of the projects (impact reporting). Both reports will be published on this website no later than one year after the issue of the sustainability bond.