BAYWA AG Press release
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Date
Contact
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14121-PIU44EN
21 December 2021 Maria Crusius
+49 89/9222-3696
+49 89/9212-3696 maria.crusius@baywa.de
BayWa successfully places first ESG-linked bonded loan
BayWa AG
PR/Corporate Communications/ Public Affairs
Arabellastr. 4
81925 Munich
Germany
Phone +49 89 9222-3680
Fax +49 89 9212-3680
Internet
www.baywa.com / Press
Munich, 21 December 2021 - BayWa AG, Munich, has placed a bonded loan linked to environmental, social and corporate governance criteria (ESG) in the amount of €350 million. As in the case of the ESG-linked syndicated financing agreement concluded in September, the bonded loan is based on the MSCI sustainability rating. MSCI ESG Research has awarded the BayWa Group an "AA" rating.
The bonded loan has an average coupon of 1.15%, with an average term of 6.3 years and tranches of between five and ten years. Most of the transaction, which was oversubscribed multiple times, was placed with banks from the cooperative and savings sector, but there were also subscriptions from private banks from Germany and abroad as well as from institutional investors.
"The proceeds from the bonded loan will mainly be used to refinance bonded loans due in 2021 and 2022. We are delighted to secure such a broadly diversified investor portfolio at extremely attractive terms with this bonded loan, so soon after concluding our syndicated financing agreement," explains BayWa AG's Chief Financial Officer Andreas Helber. "The fact that the loan was received so well in the current market environment points to BayWa's
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Press release
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21 December 2021
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outstanding solidity and the faith investors have in the Group's sustainability expertise."
According to Uwe Falk, Head of Corporate Treasury at BayWa AG, the conclusion of the ESG-linked bonded loan means that more than 50% of BayWa's borrowing portfolio is now covered by sustainable and green financing products. The bonded loan was arranged by Commerzbank, DZ-BANK and LBBW.
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Editor:
Maria Crusius, BayWa AG,
PR/Corporate Communications/Public Affairs
Phone: +49 89/9222-3696, Fax: +49 89/9212-3696
E-mail:maria.crusius@baywa.de
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BayWa AG published this content on 21 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2021 09:29:02 UTC.
