The Dutch bank successfully issued a €250 million green subordinated Tier 2 bond, which falls under the bank’s Green Bond Framework. The bond will be listed on Euronext Amsterdam, has a maturity of 10.25 years, and a coupon rate of 2.25%.  The bond’s proceeds will be used to fund lending in renewable energy, green buildings, and environmentally sustainable management of living natural resources & land use. 

Andre Haag, Group CFO of Triodos Bank N.V., says: “With the successful launch of the Green Bond we are further strengthening our capital base, which will allow us to play a leading role in promoting and driving the transition to a low carbon and climate resilient economy.” 

Frans Beltman, Group Treasurer of Triodos Bank N.V., adds: “It’s great to see a shift in the global investor’s community, clearly focusing on sustainability. The Green Bond allows us to diversify our capital base and to fund values-led initiatives that shape the change we envisage.” 

Source: https://www.triodos.com/press-releases/2021/triodos-bank-successfully-issues-its-first-green-bond