Brief: Knorr Bremse Issues First Green Bond

Knorr Bremse AG

24/09/2024 06:47

Sept 24 (Reuters) - KNORR BREMSE AG  KBX.DE :
    * KNORR BREMSE AG - ISSUES FIRST GREEN BOND
    * KNORR BREMSE AG - ISSUES A DUAL-TRANCHE BOND WITH
MATURITIES OF
FIVE AND EIGHT YEARS WITH A TOTAL VOLUME OF 1,100 MILLION EURO
    * KNORR BREMSE AG - 8-YEAR INAUGURAL GREEN BOND WILL
ALLOCATE 500
MILLION EURO PROCEEDS TO ELIGIBLE GREEN PROJECTS
    * KNORR BREMSE AG - PROCEEDS FROM 5-YEAR 600 MILLION EURO
BOND
WILL BE USED FOR GENERAL CORPORATE PURPOSES INCLUDING PARTIAL
REFINANCING OF BOND MATURITY IN 2025
    * KNORR BREMSE AG - TRANSACTION WAS MET WITH STRONG INTEREST
FROM
INVESTORS AND WAS SIGNIFICANTLY OVERSUBSCRIBED
    * KNORR BREMSE AG - PROCEEDS FROM 5-YEAR 600 MILLION EURO
BOND
WILL BE USED FOR GENERAL CORPORATE PURPOSES

Further company coverage:  KBX.DE 

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