Essen, Germany. Evonik Industries AG successfully issued a green bond today with a nominal volume of €500 million to address financing needs in 2025, including a conventional bond maturity in September 2025 in the same volume. The green senior unsecured bond is already the third consecutive green bond issued by Evonik, demonstrating the continued integral role of sustainability within its financing strategy. The corresponding Green Finance Framework is based on the ICMA Green Bond Principles, was last updated in 2023 and reviewed by a second party opinion from ISS in 2023.
“With the successful issuance today, we have already secured our funding for 2025 early in the year and are further supporting our green transformation”, said Maike Schuh, Chief Financial Officer of Evonik.
The majority of green bond proceeds will be used to further expand our portfolio of Next Generation Solutions and Next Generation Technologies. These include, among other things, investments into lipids for mRNA-based medicine, membranes for efficient gas separation or aluminum oxides as battery materials for e-mobility, as well as the development of a climate-neutral alkoxides production in Singapore.
The green bond was significantly oversubscribed and generated strong interest from a broad base of investors, including institutional investors with a strong focus on sustainability. The interest coupon is 3.25 % per year with a term of 5 years. The bond will be rated in line with the ratings of Evonik Industries AG, which are a Baa2 (outlook stable) at Moody’s and BBB+ at S&P (outlook stable).
The issuance was arranged by J.P. Morgan as global coordinator and Citibank, Helaba, HSBC, J.P. Morgan and Société Générale as joint bookrunners.