Arkema Places Inaugural Green Bond

Arkema successfully placed its first ever Green Bond, fully dedicated to the financing of its new world-scale plant in Singapore to manufacture 100 percent bio-based Rilsan polyamide 11.
 
For a total amount of €300 million, this Green Bond has a maturity of 6 years and an annual coupon of 0.125 percent.
 
The offering was more than 10 times oversubscribed.
 
By offering innovative solutions to its customers, notably in the field of lightweight materials, new energies and bio-based products, Arkema aims to generate responsible growth contributing to the Sustainable Development Goals defined by the United Nations.
 
With this unprecedented Green Bond, fully aligned with Arkema’s CSR policy, the Group is financing its new world-scale plant in Singapore, a major innovative and sustainable project at the heart of its organic growth strategy.

source:coatingworld