Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Siemens Energy Finance BV > News item |
Siemens eyes two-part euro-denominated benchmark green bond offering
By William Gullotti
Buffalo, N.Y., March 29 – Siemens Energy Finance BV commenced a roadshow to market a dual-tranche, euro-denominated benchmark offering of green bonds (BBB), according to information from a market source on Wednesday.
Initial price talk for the tranche maturing April 5, 2026 (ISIN: XS2601458602) is in the mid-swaps plus 115 basis point to 125 bps area. The three-year bonds will feature a par call one month prior to maturity.
The bonds maturing April 5, 2029 (ISIN: XS2601459162) are initially talked to price in the mid-swaps plus 160 bps to 170 bps area. The six-year tranche’s par call will start three months prior to maturity.
The fixed-rate bonds will also feature an 80% clean-up call and an early redemption option for taxation reasons.
Both Regulation S tranches of the debut offering will be guaranteed by parent company Siemens Energy AG (BBB).
BNP Paribas, Commerzbank, Credit Agricole CIB (billing and delivery), Mizuho and Standard Chartered Bank AG are the joint bookrunners, with BNP also acting as green structuring adviser.
Proceeds are intended to be allocated to finance and/or refinance, in whole or in part, new or existing eligible green expenditures in line with Siemens Energy’s Green Bond Framework dated January 2023.
Both tranches are expected to settle on April 5, with subsequent listings to follow on the Euro MTF market of the Luxembourg Stock Exchange.
Siemens is a Munich-based technology conglomerate focused on industry, infrastructure, transport and health care.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.