Arkema Issues €500m Green Bond
- Arkema placed a €500 million green bond with an 8-year maturity and a 3.50% annual coupon.
- The bond finances sustainable projects, including the bio-based Rilsan® polyamide 11 plant in Singapore.
- Proceeds support EU taxonomy-aligned investments in renewable energy and eco-efficient products.
- Moody's rated the Green Financing Framework with an SQS2 'Very Good' Sustainability Quality Score.
Green Bond Issuance
Arkema has issued a new €500 million green bond with an 8-year maturity and an annual coupon rate of 3.50%. This follows a previous green bond launched five years ago to fund the Rilsan® polyamide 11 plant in Singapore.
Funding Allocation
The net proceeds from this bond will be used to finance or refinance structural programs that support sustainable development. These investments are primarily aligned with the EU taxonomy, focusing on renewable energy, energy efficiency, and eco-efficient products.
Green Financing Framework
The issuance is part of Arkema's Green Financing Framework, which includes six categories of eligible green projects: renewable energy, energy efficiency, eco-efficient and/or circular economy adapted products, production technologies and processes, green buildings, and sustainable water management and treatment, as well as climate adaptation.
Sustainability Assessment
Moody’s has assessed the Green Financing Framework and awarded it an SQS2 “Very Good” Sustainability Quality Score, indicating a high level of sustainability performance.
Source: Arkema