Axpo successfully places green bond

Share

15.07.2020 – Axpo Holding AG successfully placed a green bond on the Swiss capital market via a digital capital market platform for the first time on 15 July 2020. The net proceeds of this CHF 133 million fixed-income note will be used to fund projects in the photovoltaic and wind energy sectors. This will help Axpo to strengthen its position as the largest Swiss producer of renewable energies and to expand its base of investors.

The huge interest shown by investors in the bond confirms that Axpo is on the right strategic path to profitable growth in renewable energies. Axpo has long been Switzerland’s largest producer of renewable energies thanks to its investments in hydroelectric power and biomass plants. Axpo has also carved out a leading position in Europe with its wind and solar parks and in the marketing of renewable energies. Axpo recently received an ESG rating of “C+" from ISS Oekom. This ranks Axpo among the leading companies surveyed in the utilities sector.

Joris Gröflin, CFO of Axpo, says: “Sustainability is a central pillar of our corporate strategy and is becoming an increasingly important selection criterion for investors. By issuing our first green bond, we want to strengthen our commitment in this area and create the basis for further green funding. By issuing via a digital capital market platform, we have chosen an innovative way.”

Axpo Holding AG’s green bond in the amount of CHF 133 million has a coupon of 1.002% and a term of 7 years. The bond is scheduled to be paid out in full on 23 July 2020.

The net proceeds of the green bond will be used for photovoltaic projects and wind projects. The structure of the green bond is set out in the Axpo Green Bond Framework, which is based on the Green Bond Principles of the International Capital Market Association (ICMA). 

Axpo Holding AG

Corporate Communications

medien@axpo.com

T 0800 44 11 00 (Schweiz) 
T +41 56 200 41 10 (International)

(08.00 - 17.30)

More media releases

Show all

Company 28.03.2024

Strengthening security of supply: Axpo is giving a clear Yes to the new electricity law, assessing the potential of operating Beznau for longer, and is prepared to construct a reserve power plant

Switzerland needs more electricity to achieve its climate goals. In order for the expansion of renewable energies to become a reality, we need a clear Yes to the draft of the new electricity law on 9 June. To further strengthen security of supply, Axpo has decided to clarify the technical feasibility of operating the Beznau nuclear power plant beyond 60 years. Axpo has also responded to the federal government’s tender (which ends today) and submitted a project for a reserve power plant for emergencies.

Read more

Solar energy 13.03.2024

Axpo discontinues planned alpine solar project in Glarus Süd

Following extensive investigations, Axpo has decided to discontinue its planned solar project in Glarus Süd. The reasons behind this decision are natural hazards, limited environmental compatibility and low energy yield. Axpo and the municipality of Glarus Süd regret this decision. Axpo will continue to invest in sustainable forms of energy and drive its Alpine projects forward.

Read more

International business 08.03.2024

Axpo and Jabil extend energy partnership in Hungary

Axpo and Jabil, a leading global electronics manufacturer headquartered in the United States, have renewed their long-term partnership in Hungary with a renewable energy corporate power purchase agreement (cPPA), it was announced today. The seven-year deal covers Jabil’s entire energy consumption in Hungary at two locations, marking an important advance towards the company’s environmental, social and corporate governance (ESG) goals.

Read more